WorldEconomy
US Electric Vehicle Manufacturing Investment Falls Amid Policy Rollback and Weak Demand
Planned US electric vehicle and battery investments have dropped, with nearly $20 billion in projects cancelled in 2025 and new investment announcements falling to about $6.5 billion from a peak of $55 billion in 2023. The cancellations affected around 27,000 promised jobs, and a battery plant in Lordstown, Ohio, halted production, laying off 480 workers indefinitely.
Planned investments in US electric vehicle and battery manufacturing have fallen sharply. An analysis of Atlas Public Policy data shows that nearly $20 billion in EV-related projects were cancelled in 2025, and new investment announcements dropped to about $6.5 billion from a peak of $55 billion in 2023. The cancelled projects had promised around 27,000 jobs.
In Lordstown, Ohio, a $2.3 billion battery plant stopped production in January. Approximately 480 workers were indefinitely laid off, and another 850 were told they would not be needed. The decline is attributed to weaker demand and President Donald Trump's rollback of policies that had supported the industry.
- Trump EV policies
- electric vehicle manufacturing
- EV investment slowdown
- Lordstown battery plant
- US auto industry
From
WorldEconomy
US Electric Vehicle Manufacturing Investment Falls Amid Policy Rollback and Weak Demand
Planned US electric vehicle and battery investments have dropped, with nearly $20 billion in projects cancelled in 2025 and new investment announcements falling to about $6.5 billion from a peak of $55 billion in 2023. The cancellations affected around 27,000 promised jobs, and a battery plant in Lordstown, Ohio, halted production, laying off 480 workers indefinitely.
Planned investments in US electric vehicle and battery manufacturing have fallen sharply. An analysis of Atlas Public Policy data shows that nearly $20 billion in EV-related projects were cancelled in 2025, and new investment announcements dropped to about $6.5 billion from a peak of $55 billion in 2023. The cancelled projects had promised around 27,000 jobs.
In Lordstown, Ohio, a $2.3 billion battery plant stopped production in January. Approximately 480 workers were indefinitely laid off, and another 850 were told they would not be needed. The decline is attributed to weaker demand and President Donald Trump's rollback of policies that had supported the industry.
- Trump EV policies
- electric vehicle manufacturing
- EV investment slowdown
- Lordstown battery plant
- US auto industry
From