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The Independent UK
The Independent UK
World
Jeffrey Collins

Billion-dollar battery plant pauses construction amid electric vehicle and tariff uncertainty

BMW Donald Trump electric vehicle United States AESC South Carolina Henry McMaster BMWs Japan
Battery Plant-Construction Halted - (ASSOCIATED PRESS)

A Japanese company has halted construction on a $1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing “policy and market uncertainty.”

While AESC didn't specify what those problems are, South Carolina's Republican governor said the company is dealing with the potential loss of federal tax breaks for electric vehicle buyers and incentives for EV businesses as well as tariff uncertainties from President Donald Trump's administration.

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