The Biden administration's Inflation Reduction Act aimed to ensure that U.S. battery demand for electric vehicles would be met by local manufacturing by the decade's end. However, the momentum has begun to stall as numerous clean energy projects have faltered in Q1 2025, primarily due to the effects of President Trump's tariffs and policies. While the U.S. was making significant strides in EV adoption, the reduction in investment from $1 billion monthly to just $176 million jeopardizes the goal of reducing dependency on China for battery production.
The U.S. is on track to meet battery demand for electric vehicles locally by 2030, but tariff wars risk stalling that momentum.
Under President Trump’s policies, investments in clean energy manufacturing have significantly dropped, raising concerns of reliance on China for EV components.
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