The report suggests that it is time for a new geoeconomic approach to counter China's approach to trade. Like-minded nations can form an EV supply chain compact to create a level playing field within the group and incentivize their private sectors to produce batteries, semiconductors, sensors, and network hardware, while handicapping subsidized Chinese Communist Party-controlled entities. The US and its partner countries recognize the economic and national security risks of over-relying on China for crucial inputs and technologies that will define the 21st century.
