Will there be an Electric Vehicle Battery Boom under President Trump? Most would Likely Occur in Red States?

Highlights

• Expert Simon Moores suggests a potential EV battery jobs boom primarily in Republican states under a Trump presidency.
• The trend of domestic critical mineral supply chain independence began with a 2017 Trump Administration executive order.
• Elon Musk’s involvement and a focus on ex-China supply chain could drive new mining and refining opportunities in middle America.

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Some experts in the field are suggesting on social media such a The EV battery jobs boom will happen under President Trump and nearly all of it will take place in Republican states.

Recently Simon Moores, (opens in a new tab) CEO of rare earth metals consultancy Benchmark Mineral Intelligence (opens in a new tab) recently shared some compelling charts:

With Elon Musk by the incoming President’s side, a lithium and critical mineral mining renaissance is likely to fuel this new industry.

So, will mining and refining return to middle America?

According to Moores, “Downstream EV funding will get hit hard, but the job of building this new ex-China supply chain domestically is not yet complete.”  Rare Earth Exchanges, in part, was launched to chronicle the process of the U.S. and other Western nations and their bid for mission-critical element independence.  

It was a trend that was started in 2017 with the Trump Administration’s Executive Order on critical minerals. (opens in a new tab)

The Republicans have a chance to finish the job they started and own the geopolitical narrative reports Moores.