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’
via bloomberg.com
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Since President Donald Trump took away $7,500 tax credits for EVs, demand for the vehicles has slumped, contributing to a widespread battery surplus. The shift has led to a divestment in battery factory plans, a hit to Trump’s goal of bolstering U.S. manufacturing. Meanwhile, China continues to lead the world in global battery production. President […]