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France 24

Business

Yuka ROYER

US, Japan agree deal on trade in EV battery minerals

Japan Elon Musk Joe Biden Twitter Inc. China electric vehicle Inflation The United States

BUSINESS DAILY © FRANCE 24

The United States and Japan have agreed a deal on trading in minerals that are key to making electric car batteries. The aim is to bolster EV (electric vehicle) battery supply chains and reduce the countries' reliance on China. The deal will give Japanese carmakers wider access to $7,500 tax breaks under President Joe Biden's Inflation Reduction Act. Plus, Twitter CEO Elon Musk has announced a shake-up of the social media platform's "verified user", or Blue Tick, feature.

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