Forecasters say the president’s clean-energy incentives will be more effective than they had originally expected, in part because of new federal regulations.
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from rising interest rates.
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
After decades of stagnation, the Tar Heel State is the beneficiary of a lithium rush fueled by demand for car batteries.
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
There is always something to be grateful for.
China and the U.S. both gained from their economic integration. As they pull apart, each is finding it will be hard to fully replace the other.
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.