Rare Earths & Critical Minerals Supply Chain - Establishing a domestic rare earth magnet manufacturing business is possible but faces challenges [1] - Building the infrastructure for harvesting and refining rare earths takes considerable time, impacting EV production [2] - Government intervention is warranted in cases of market failure or negative externalities related to public goods like climate [4][5] - Ford and other U S manufacturers have experienced production pauses due to rare earth supply shortages [6] - The U S refining infrastructure for rare earths is estimated to be up to speed within 5 to 10 years [7] Electric Vehicle (EV) Market & Policy - The transition to EVs accelerated after 2010, reaching approximately 10% market share [8] - IRS tax credits have significantly influenced EV sales, with potential slowdowns anticipated without them [8][9] - Domestic sourcing of critical minerals is crucial for climate and national security reasons [9] - The Trump administration invested in private industry, such as MP Materials, to advance domestic rare earth production [3]

Trade Dynamics - Canada imported more vehicles from Mexico than the US in June for the first time in three decades [1] - The global auto industry is grappling with President Donald Trump's tariffs [1] Industry Trends - The shifts underscore the historic changes underway in the global auto industry [1]

Michigan Democratic Governor Gretchen Whitmer told President Donald Trump that his tariffs are having a negative effect on her state’s flagship auto industry during a closed-door meeting https://t.co/xSvo84RDOs ...

The peculiar tastes of American consumers put the US auto industry at a disadvantage overseas that tariffs won’t fix, @liamdenning says (via @opinion) https://t.co/B8NXZOaC0w ...