Post-Trump Era: The Future of the EV Battery Market
1. Key Highlights Changes in U.S. Battery Policy: Potential weakening of Biden-era clean energy incentives. Trade Policy Impact: U.S.-China trade tensions affecting battery supply chains. Industry Changes: How major companies like Tesla, LG Energy Solution, CATL, and QuantumScape are adapting. 2. Policy Shifts and Their Impact on the Battery Market Getty Images Bank Potential Rollback of Clean Energy Policies The Trump administration previously prioritized traditional energy sources such as oil and coal while reducing government support for renewable energy and electric vehicles. If a second Trump term leads to the rollback of Biden’s Inflation Reduction Act (IRA), key impacts include: Reduction in EV tax credits: Slower adoption of electric vehicles. Decline in battery manufacturing investments: Fewer incentives for domestic battery production. Shifts in global supply chains: U.S. automakers may increase reliance on foreign battery sources. U.S.-China Trade Relations and S...