The U.S. electric vehicle battery manufacturing landscape is poised for a significant expansion with ten new factories expected to open in 2025, potentially increasing capacity by 90%. Major battery manufacturers and automakers are involved, yet political factors, particularly actions by the Trump administration and cancellations by startups, cast uncertainty. Analysts believe the momentum for these developments is strong, especially as many factories are already established and cater to key political constituencies, indicating a robust growth trajectory for the EV market despite challenges ahead.
"They're already built, you can't stop it, and the momentum is there. And most of them are in Republican states. It's difficult to take away many thousands of jobs promised to your key voter base."
"But I see a boom that's still in its early stages-although the uncertainty is dialed up to uncomfortable levels."
Collection
[
|
...
]