EV and Battery Factories Are Being Canceled in the USA
The U.S. EV sector is facing major setbacks, with more EV and battery factory projects canceled in Q1 2025 than in the past two years combined, according to Atlas Public Policy. Cancellations include a $1B thermal barrier plant in Georgia and a $1.2B battery factory in Arizona. Uncertainty around tariffs, tax credits, and regulations - intensified by proposed rollbacks under a Trump-led administration - is stalling hundreds of millions in further investment. Companies like Aspen Aerogels and KORE Power are shifting production to Mexico, China, or retrofitted sites. The U.S. had been on track for EV battery self-sufficiency by 2030, but the outlook is rapidly turning bearish.
https://www.msn.com/en-us/news/us/ar-AA1ChG3s
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