EV battery manufacturing capacity will rise when 10 plants come online this year

This article originally appeared on Inside Climate News, a nonprofit, non-partisan news organization that covers climate, energy, and the environment. Sign up for their newsletter here. Ten new electric vehicle battery factories are on track to go online this year in the United States. This includes large plants from global battery giants such as Panasonic, Samsung, and SK On, and automakers such as Ford, Honda, Hyundai, Stellantis, and Toyota. If they all open in 2025, the country’s EV battery manufacturing capacity is poised to grow to 421.5 gigawatt-hours per year, an increase of 90 percent from the end of 2024, according to Benchmark Mineral Intelligence, the United Kingdom-based research firm. But this industry is seeing some storm clouds. The Trump administration is taking steps that would reduce demand for EVs. And two battery startups—Kore Power and Freyr—recently canceled plans for new US factories. I don’t blame anyone who looks at this landscape and wonders if a battery ... Read full article.