To win the full credit, EV makers have to source in 2023 at least two-fifths of battery materials from the US or free trade agreement partners such as Canada, Chile and Australia or recycle it in North America.

Out of 105 companies that own lithium projects, only 18 have more than one, Fitch notes.

"This is going to be a golden period of 10 years, at least," said Keith Martin, an attorney with Norton Rose Fulbright who works on financing renewable energy projects.

The company's Canadian unit is working with the government to "identify opportunities for industrial facility permitting reforms", the amended filing said.

After remaining fairly flat in 2019, global EV sales grew by 38% in 2020, and then more than doubled in 2021.

The climate bill extends a popular $7,500 per vehicle consumer tax credit for the purchase of electric vehicles.

The most in-demand mining leaders are no longer those who’ve unearthed vast troves of glittering gold.

Southeast Asia's biggest economy has been trying to get Tesla to set up a production facility in the country.