Under the Biden administration’s Inflation Reduction Act, the U.S. was on track to meet all its battery demand for electric vehicles from local manufacturing by the end of the decade. Now, the country may not reach that goal as billions of dollars worth of clean energy projects have stalled in Q1 2025. The U.S. is in a far better position to adopt EVs than before, but that momentum now risks stalling, as EVs become collateral damage in tariff wars, helping China further its lead.
