General Motors (also “GM”) has decided to postpone until the end of the year a investment stratospheric $330 million in the mining project lithium. We are talking about Lithium Americas’ Thacker Pass, a deposit located in Nevada. Waiting, caution, stalemate: certainly not a good sign, especially if the doubts concern the entire American policy regarding investments in terms of incentives for electric mobility.
This investment by General Motors is part of an overall commitment of 650 million dollars by the American giant. This is a crucial choice for the development of the Thacker Pass project, an asset with significant potential in terms of lithium supply. We are talking about quantities useful for powering a million electric vehicles every year. Not bad.
Yet, due to the current political uncertaintiesGM has chosen to delay the disbursement of the second tranche of $330 million until December 20. The delay is due to the wait for a loan of $2.26 billion from the U.S. Department of Energy, not exactly a given at this point. Why? The super loan now faces significant risks due to former President Donald Trump’s political agenda.
Il tycoonin fact, would like to eliminate the requirements for electric vehicles and dismantle the Loans Program Office (LPO) if he returns to the presidency of the United States. The LPO is the department that guarantees loans and loan guarantees to help implement innovative projects in the clean energy sectors.
The possible ones political changes highlight the urgency for mining companies to finalize their financing deals before the 2024 U.S. presidential election, which could redefine the regulatory landscape for the electric vehicle industry. General Motors’ decision, then, highlights the delicate balance that companies and investors must maintain in an ever-changing political environment.
With the government support for potentially risky electric vehicles, companies in the sector face growing uncertainties. The intersection of politics and business is becoming increasingly apparent, as sectors dependent on government support face real existential risks. The electric vehicle market (American and, why not, global), needless to say, could suffer significant transformations depending on the outcome of the next presidential election.
Marca: General Motors   Argomento: Batterie Elettriche per Auto