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After eight years, Macro Polo has ceased operations as the Paulson Institute will focus its independent research on supporting its programs as it continues to diversify its scope.

We appreciate the community that has grown around Macro Polo and the fruitful engagement we’ve had with our legion of smart and sharp audience. You’ve pushed us to deliver even more original work and innovative products. Our body of work speaks for itself, and we hope it will have a long shelf life – that was the intent from MP’s inception.

MP’s website is now archived and no new work will be published henceforth on this site. Please visit www.paulsoninstitute.org for future research and policy work on a range of global issues.

Thank you all for the support over the years, it has been a privilege to have had a home at the Paulson Institute and to have built it the way we did.

- Team Macro Polo

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EV Supply Chain
Choose One of the 10 Components:
Choose One of the 8 Commodities:

Key Takeaways

While headlines are replete with China’s dominance of the EV supply chain, it’s only a partial picture. A more holistic look at global suppliers shows that China’s dominance is mainly limited to LFP batteries, while the vast majority of midstream EV components have a much more globalized supply chain. This is largely driven by the geographic diversity of established auto industry suppliers that have long had global manufacturing operations.

The upstream picture, however, is different. China has a stronger grip on the processing of the eight upstream commodities vital to the EV power system, including the six commodities that are direct inputs for the battery. This reality makes it very difficult for EVs to qualify for the full IRA tax credit even if the batteries are produced, and the EVs are assembled, in America. These factors could well affect the pace of EV adoption.

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Component Suppliers Upstream Commodities Key Takeaways