A plan has been hatched to expand and diversify critical mineral supply chains globally for the booming EV battery industry – will it work?
There’s an urgent need for critical minerals to meet the growing demand for EV batteries, battery storage, and more. Electrek spoke with John DeMaio, CEO of EV battery mineral processor Graphex Technologies, about how mineral mining and processing is being ramped up and why it’s a vital part of the EV revolution.
Electrek:Why do we need to expand and diversify critical mineral supply chains?
For battery storage, EVs, and semiconductors. EV batteries need more of certain “critical minerals.” The top five for lithium-ion batteries are lithium, nickel, cobalt, manganese, and graphite.
There currently aren’t enough operational mines for these critical minerals for a robust EV battery supply chain. We also need to expand critical mineral processing and recycling capacity.
We also need to diversify our critical minerals sources. China currently dominates the supply chain, but many countries don’t want to be dependent on just China, so they’re looking to onshore, nearshore, or at least friendshore supply lines.
There’s a lot of momentum, but long lead times, high upfront costs, and other challenges can make it tough for new projects to get off the ground without secure sources of favorable funding.
Electrek:I guess that’s where the Minerals Security Partnership comes in. What is it, and has it achieved anything yet?
John DeMaio: The Minerals Security Partnership (MSP) [which launched in June 2022] is an alliance made up of 13 countries [including the US] and the EU, and it’s likely to expand. It’s working to drive public and private investment in critical mineral projects globally.
Last week, the MSP held its inaugural ministerial meeting in the UK, and that resulted in the agreement to “drive responsible investment” in 11 projects in mining or extraction, 4 in processing, and 1 in recycling. That’s going to help to expand and diversify the critical mineral supply chain across continents and mineral types.
How is the MSP impacting critical mineral mining and processing?
The MSP fosters cross-border collaboration, and that’s essential for critical mineral mining. Geology predetermined where these minerals lay in the ground literally epochs ago, so we need to make the most of the current layout. Certain countries that need a lot of minerals to manufacture batteries don’t have enough to build out a mine-to-battery supply chain domestically, while other countries have plenty of critical minerals to tap but less demand from local EV manufacturers for battery inputs.
Mining thrives on far-flung cooperation, but processing thrives on local investment. Battery and EV manufacturers benefit from shorter supply distances to mineral processing locations, which are geographically flexible. Countries can build out their mineral processing capacity anywhere that companies can source the permits, build or renovate the plants, and train the talent. At Graphex, we’re assembling one of the first large-scale mine-to-battery supply chains for natural graphite anode material in North America.
Do MSP countries qualify for US EV incentives via the Inflation Reduction Act (IRA)?
MSP helps countries coordinate their support for critical mineral projects across borders but doesn’t – at least, not yet – open up members for IRA tax credits. But multiple countries within the MSP already have free-trade agreements with the US, such as Canada, Australia, and, most recently, Japan. Rumor has it that the US is currently negotiating free-trade agreement deals with other groups within the club, such as the UK and EU.
IRA incentives apply only to EVs assembled in North America that meet certain geographic supply chain thresholds for critical minerals and battery components. To qualify for the full IRA $7,500 tax credit this year, vehicles have to have at least 50% of their battery components produced and at least 40% of their critical minerals extracted, processed, and/or recycled either in North America or in a country with which the US has a free trade agreement.
I’m optimistic that the MSP is going to help to build out a secure, diversified battery mineral supply chain to support EV growth. It’s prioritizing promoting responsible practices, and that’s going to set a high standard for project operations that will, I think, continue to drive the nearshoring trend.
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GM sold over 21,000 electric vehicles in the US last month, its best yet. Despite the surge in August sales, GM warned that with the “irrational discounts” on EVs set to end soon, the market is due for a shake-up.
GM sells record EVs in August as irrational discounts end
August was GM’s best month ever for EV sales. The company sold over 21,000 electric models under the Chevy, GMC, and Cadillac brands last month.
The higher demand comes as buyers rush to secure the $7,500 federal tax credit, which is set to expire at the end of September.
Driven by the hot-selling Chevy Equinox EV, Cadillac Lyriq, and GMC Sierra EV, GM remains the second-best seller of EVs behind Tesla.
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GM expects to see strong demand again this month, but without the credit, it expects changes next quarter. GM said, “There’s no doubt we’ll see lower EV sales next quarter.” The company anticipates it will take several months for the market to correct, adding that “We will almost certainly see a smaller EV market for a while.”
Chevy Equinox EV LT (Source: GM)
Like several automakers in the US, GM will adjust production accordingly, promising not to overproduce. Despite slower sales, it remains confident that its EV market share will continue to grow.
Since affordable EVs and luxury models have been the strongest segments, GM believes it’s in a better position than most. It already has “America’s most affordable 315+ range EV,” the Chevy Equinox EV. The electric Equinox is one of the few EVs with a starting price under $35,000 in the US.
Cadillac Optiq EV (Source: Cadillac)
Soon, the new Chevy Bolt EV will debut, which is expected to be even more affordable, starting at around $30,000.
With a full line-up of electric SUVs, Cadillac is the leading luxury EV brand, but that doesn’t include Tesla. And then there’s the Chevy and GMC electric pickup with segment-leading range, features, and more.
2026 GMC Sierra EV (Source: GM)
GM said as it adjusts to the “new EV market realities,” its ICE vehicles will provide flexibility while driving profits. We will learn more on October 1 when GM reports full third-quarter sales results.
Although I wouldn’t call it “irrational,” GM is offering generous discounts on EVs with the deadline approaching. The Chevy Equinox EV is listed for lease starting at just $249 per month with a new $1,250 conquest bonus. Chevy is also offering the $7,500 credit on top of 0% APR financing until the end of September.
Thinking about trying one of GM’s EVs for yourself? You can use the links below to find Chevy, Cadillac, and GMC models in your area.
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Global solar installations are breaking records again in 2025. In H1 2025, the world added 380 gigawatts (GW) of new solar capacity – a staggering 64% jump compared to the same period in 2024, when 232 GW came online. China was responsible for installing a massive 256 GW of that solar capacity.
For context, it took until September last year to pass the 350 GW mark. This year, the milestone was achieved in June. That pace cements solar as the fastest-growing source of new electricity generation worldwide. In 2024, global solar output rose by 28% (+469 terawatt-hours) from 2023, more growth than any other energy source.
Nicolas Fulghum, senior energy analyst at independent energy think tank Ember, said, “These latest numbers on solar deployment in 2025 defy gravity, with annual solar installations continuing their sharp rise. In a world of volatile energy markets, solar offers domestically produced power that can be rolled out at record speed to meet growing demand, independent of global fossil fuel supply chains.”
China’s solar dominance
China is leading this surge by a wide margin. In the first half of 2025, the country installed more than twice as much solar capacity as the rest of the world combined, accounting for 67% of global additions. That’s up from 54% in the same period last year. Developers rushed to complete projects before new wind and solar compensation rules took effect in June, fueling the spike. While that may lead to a slowdown in the second half of the year, new clean power procurement requirements for industry and bullish forecasts from China’s solar PV association (CPIA) suggest that 2025 will still surpass 2024’s record high.
The rest of the world
Other countries are adding solar at a healthy clip, too. Together, they installed an estimated 124 GW in the first half of 2025, a 15% year-over-year increase. India came in second with 24 GW, up 49% from last year’s 16 GW. The US ranked third with 21 GW, a 4% gain year-over-year despite recent moves by the Trump administration to suppress clean power deployment. Germany and Brazil saw slight dips, while the rest of the world added 65 GW, a 22% rise over 2024.
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Africa’s solar market is also stirring. The continent imported 60% more solar panels from China over the past year, though a lack of reliable installation data makes it a challenge to track the true pace of deployment.
With installations surging across major markets and China driving the charge, 2025 is on track to be another record-breaking year for solar power.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Porsche just axed two of its most iconic models. The gas-powered 718 Cayman and Boxster sports cars have been discontinued, with their new EV successors set to debut next year. However, Porsche isn’t the only brand killing off a popular nameplate.
Sports cars are due for EV successors in 2026
As it prepares for the all-electric replacements, Porsche has stopped taking new orders for the 718 Cayman and Boxster. For now, you can still order the vehicles from stock.
We’ve known for years that an electric replacement was on the way for the 718 lineup. Porsche CEO Oliver Blume confirmed in 2022 that the electric 718 successor would follow the Taycan and Macan EVs.
Although the new Cayman and Boxster EVs were expected to launch by the end of this year, it was pushed back due to software and battery sourcing delays.
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Porsche initially planned to build the EV versions alongside the current ICE models at its Zuffenhausen plant, but that will no longer be the case. Despite rumors that Porsche was planning to extend 718 production, “high-ranking Porsche sources” told Autocar that’s not the plan.
Porsche 718 Boxster (Source: Porsche)
The luxury sports car maker has dialed back its EV plans recently, with ICE Macan and Cayenne models now due to be sold alongside the electric versions.
Meanwhile, Porsche isn’t the only sports car maker killing off models with new EV successors on the way. Audi confirmed with Autoblog that the A7 and S7 will be discontinued after the 2025 model year.
2025 Audi A6 Sportback e-tron (Source: Audi)
In a statement, Audi said, “There are no 2026 Model Year A7 or S7 being offered as production shifts to the new A6 TFSI coming later this year.” However, the RS7 will live on as a 2026MY. The ICE A7 will be rebranded as the A6 TFSI, while the EV version will retain the A6 E-tron name, featuring a similar sportback design to the outgoing model.
Porsche and Audi have leaned into a more flexible “multi-energy” strategy, blaming slowing EV sales and a changing market.