#battery-investment-cancellations

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US politics
fromFortune
1 week ago

Trump's EV tax credit cuts are fueling a U.S. battery surplus that could lead to factory cancellations, 'a poison pill for U.S. manufacturing hopes'

Removal of the $7,500 EV tax credit under President Trump cut EV demand, creating a battery surplus and weakening U.S. battery manufacturing investment.
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