ESG Report: EV Battery Regulation in US & EU, Inflation Act Impact Pt. 2

March 20, 2024

Article Summary –

The ESG Report podcast, hosted by Tom Fox, discusses EV battery regulation in the US and EU in a 3-part series; part 2 explores the impact of the Inflation Reduction Act on EV battery production and purchase. Pamela Fierst-Walsh, an expert on critical mineral supply chain issues and policy development, provides insights into the Act’s potential for reducing EV battery costs and stipulations for manufacturers to track their supply chain components for compliance. She argues that the act is a comprehensive initiative which not only benefits consumers but also urges manufacturers to align their processes with regulatory requirements and business norms.

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Exploring EV Battery Regulation in US and EU on the ESG Report Podcast

Hosted by Tom Fox, the ESG Report podcast presents a special three-part series on EV battery regulation in the US and EU. Part 2 focuses on the Inflation Reduction Act’s effects on EV battery production and purchase.

Pamela Fierst-Walsh on the Inflation Reduction Act

Pamela Fierst-Walsh, a key figure in critical mineral supply chain issues and ESG matters, discusses the implications of the Act. From 2017-2021, she contributed significantly in aligning U.S. diplomacy towards prioritization of minerals supply chains. As the Senior Advisor for Critical Minerals at the U.S. State Department, she coordinated with various U.S. Departments to align National Security and Economic Council agendas. She has had crucial involvement in crafting the Biden Administration’s 100-day Supply Chain Review on Building Resilient American Supply Chains to enhance U.S. competitiveness for clean energy.

Pamela’s Insights

With her vast understanding of supply chain dynamics, regulatory mandates, and legislation, Pamela views the Inflation Reduction Act as an excellent opportunity for consumers to cut down on EV battery purchases cost. She emphasizes the Act’s broader implications, requiring manufacturers to adapt their supply chain practices, and consider potential reputational risks associated with non-compliance.