A proposed flat-rate tax on lithium produced in California's Salton Sea region will delay deliveries of the electric vehicle battery metal to General Motors Co and Stellantis NV and may push some mining companies to exit the state entirely, industry executives told Reuters.
The brewing tension comes as America's largest state is trying to position itself as a leader in the green energy revolution and as supplies of lithium have failed to match surging demand amid the push to phase out gasoline-powered vehicles.
Rod Colwell, CEO of Controlled Thermal Resources Ltd, which has contracts to supply lithium to GM by 2024 and Stellantis by 2025, said the tax would force the company to miss those delivery deadlines. "We recognize the opportunity a lithium tax provides for the local community, and that a balanced outcome will ensure California-sourced lithium can compete in the world market," BHE spokesperson Dan Winters said.
"This framework is good for everybody, including both the community and industry - prioritizing equity and innovation to help California power the entire world's transition to clean energy," Newsom spokesperson Alex Stack said.
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