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A global battery shock could be worse than the oil crisis.
Workers at a factory that makes lithium batteries for electric cars and other uses, in Nanjing, eastern Jiangsu Province, China, on March 12, 2021. STR/AFP via Getty Images
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Commentary
The global push toward electric vehicles (EVs) is creating a dangerous new dependence on China, whose dominance in battery production and critical minerals could trigger a supply shock worse than past oil crises.
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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