Market penetration of EVs in the U.S. won’t support all the EV and battery plants that were on the drawing board. From Tyler Durden at zerohedge.com:
Despite a wave of electric vehicle factories popping up across the U.S. in recent years—fueled by tax credits from the Inflation Reduction Act and promises of jobs in mostly Republican areas—many of these projects are now being scrapped, according to a new article by the Washington Post.
Even before former President Trump’s new tariffs, the clean energy shift was already losing momentum.
In just the first quarter of 2025, more EV-related projects were canceled than in the previous two years combined, according to Atlas Public Policy.
Among the losses: a $1 billion thermal battery barrier plant in Georgia and a $1.2 billion lithium-ion battery factory in Arizona. Thousands of jobs are now in question, casting doubt on the future of homegrown EV production.
The U.S. EV manufacturing boom is losing steam as policy uncertainty under the Trump administration causes companies to cancel or delay major projects. “It’s hard at the moment to be a manufacturer in the U.S. given uncertainties on tariffs, tax credits and regulations,” said Tom Taylor of Atlas Public Policy. The group found more clean energy projects were canceled in early 2025 than in the last two years combined, including billion-dollar battery plants in Georgia and Arizona.
