How Trump's Tariffs Could Hobble a U.S. Battery Boom
Briefly

President Trump’s recent announcement of sweeping tariffs on imports, particularly those from China, is projected to significantly impact the U.S. battery storage sector crucial for renewable energy integration. With 69% of lithium-ion batteries sourced from China, the impending 64.5% tax—set to increase to 82%—could severely restrict the deployment of grid batteries necessary for stabilizing the electric grid and maximizing wind and solar power usage. As energy companies planned to install record capacities in battery storage, experts claim these tariffs could hinder this growth and the reliability of energy systems across the U.S.
The sweeping tariffs announced on September 26 could hinder the burgeoning U.S. battery industry, negatively impacting the reliability of the electric grid and renewable energy utilization.
With the majority of America’s lithium-ion batteries imported, Trump's tariffs could impose a 64.5 percent tax, rising to 82 percent next year, crippling energy storage deployment.
Energy companies anticipated a record installation of grid battery capacity, with batteries, wind, and solar projected to constitute 93 percent of new grid capacity added.
Experts warn that such tariffs will not only harm business interests but also pose challenges to enhancing grid reliability as battery storage becomes critical.
Read at www.nytimes.com
[
|
]