WASHINGTON, D.C.—Today, the Zero Emission Transportation Association (ZETA) applauded the U.S. Senate’s approval of the U.S.-Chile Tax Treaty. The Treaty was signed in 2010, however it had yet to be ratified by Congress. Chile has the world’s largest reserve of lithium—which is a key component of electric vehicle batteries. By ratifying the Treaty, the U.S. electric vehicle industry will have greater access to this critical mineral. 

In response to today’s announcement, Albert Gore, Executive Director of ZETA, released the following statement: 

“Ratifying the U.S.-Chile Tax Treaty strengthens our relationship with a critical ally and is an important step in making the supply chain for clean technologies more resilient and more secure. Chile is a free trade partner and a top global producer of minerals like lithium and copper that are critical to battery and renewable energy production, and because of the industrial policies in the Inflation Reduction Act, investments in Chile unlocked by this treaty will directly support US job growth in battery production and EV assembly.  ZETA applauds the Senate for its action on this important treaty.”