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- The U. S. invested in EV battery plants. Now they may be stranded.
That might sound like a good thing — but if EV sales drop further, it means companies will be left with factories they won’t be able to use At the same time, China has excess battery capacity
- America Invested in EV Battery Plants. Now They May Be Stranded.
An affordable EV for daily driving is needed to allow people to experience the benefits the EV offers Something they can charge overnight on a 110VAC or 220VAC outlet they already have to top the battery off You know, a sane EV, 0 to 60 in 8 to 10 seconds, 125HP to 150HP, none of the self driving BS beyond cruise control and separation
- Congress Is On Track To End Americas Battery Boom - InsideEVs
According to the REPEAT Project, if the House bill becomes law and EV demand slows down, all planned U S battery capacity that is not up and running by the end of 2025 may not be necessary in 2030
- Trump’s Trade and Tax Policies Start to Stall U. S. Battery Boom
Battery manufacturing began to take off in the United States in recent years after Congress and the Biden administration offered the industry generous incentives But that boom now appears to be
- The Past, Present, and Future of EV Battery Investment in the U. S.
But, the 2024 election results leave the future of EV battery investment up in the air Currently, the Department of Energy is rushing to spend the remaining IRA funds before the term ends “In the last week alone, the Department of Energy (DOE) announced over $3 billion in clean energy development and climate resilience funding” (Garden, 2024)
- Tax breaks for EV battery plants could disappear in budget battle - Axios
South Korea's LG Energy Solution, which has three U S battery plants and five joint ventures in North America, could also benefit, a spokesperson says What to watch: The big worry for some manufacturers is that they wind up saddled with stranded assets — costly factories that are underutilized or never completed
- Tracking the EV battery factory construction boom across North America
The battery maker also said it would quadruple its planned investment in a new factory in Arizona to $5 5 billion, a large portion of which will be dedicated to EV battery production
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