Biden's Climate Law Drives Electric Car Industry Growth, Consumer Demand Lags; Tesla Expands to Chile for Lithium

President Biden's climate law is driving the rapid growth of the electric car industry, but it has not significantly boosted consumer demand for electric vehicles. The law has led many electric car shoppers to choose leasing over buying. Partisan politics seem to influence consumers' adoption of electric vehicles, with sales lagging in Republican strongholds where gas prices are cheaper. Tesla is making moves to begin operations in Chile, a country with abundant lithium reserves but low electric-vehicle sales penetration.