Aggressive funding from the Biden administration will keep the clean energy transition moving. But Trump’s China tariff plans may complicate access to key materials.
, the single biggest effort to combat climate change in American history. President-elect Donald Trump has pledged to gut it, deriding it as part of the “green new scam.” But because the IRA has already pumped billions of dollars into clean energy projects across the country, especially battery-related ones — much of it to red states — he’s unlikely to pull it off. On this matter, there is little he can do to slow Biden ’s agenda.
The key point for us is that we continue to believe America is the most important market for our company.” For the companies building these plants, it’s not just about getting government money. Kelty, a Tesla veteran who helped build up its U.S. battery operations, said investing in U.S.-based manufacturing helps drive down costs and boosts GM’s global competitiveness by reducing reliance on imports.
“It’s true the IRA may be dismantled, but for the battery space we’re now shifting from a publicly funded movement to an industry-funded one,” Moores said. “So while it may feel like the Democrats and Republicans are on the opposite sides of the argument, with EVs and batteries they are more aligned than you think. And the unholy alliance between Trump and Musk ensures that.”To build batteries in the U.S., companies need the materials to do so.
Cleantech Trump Biden Inflation Reduction Act Bipartisan Infrastructure Law Tesla Musk GM Hyundai
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man charged with beating woman after SWAT standoff in Plainfield Township, IllinoisDevin Nier, 42, is charged with aggravated battery and domestic battery.
Read more »
A long-duration battery storage facility is coming to Camp PendletonThe California Energy Commission approves a $42 million grant to build the project that will provide electricity to California’s grid and backup power to the base.
Read more »
Exclusive: Costco Guy AJ Explains Why He's Coming To AEW DynamiteThe Big Boom is coming to this week's AEW Dynamite.
Read more »
What's coming to Disney+ and coming and going on Hulu in SeptemberWhat does extreme couponing, baking competitions and Christmas have in common? These are the subjects of titles coming to Disney+ and Hulu in December.
Read more »
What's coming to Disney+ and coming and going on Hulu in DecemberWhat does extreme couponing, baking competitions and Christmas have in common? These are the subjects of titles coming to Disney+ and Hulu in December.
Read more »
President Biden and first lady to debut AIDS Memorial Quilt on the White House South LawnThe Bidens will commemorate World AIDS Day on Sunday with survivors, families.
Read more »