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’

Why is DHS sending more ICE to Chicago? What caused Gmail phishing warnings to surge? How will Trump's tariffs affect US trade? Why did the federal judge block migrant deportations? What impact will Costco's enforced shopping hours have? How did Nvidia's undisclosed customers boost revenue? Why is the US housing market stagnating?

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’

fortune.com/2025/08/29/trump-ev-tax-credit-cuts-battery-surplus-us-manufacturing

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…

This story appeared on fortune.com, 2025-08-29 09:13:00.