House Bill Threatens U.S. Battery, Clean Energy Growth

A U.S. House-passed spending bill, dubbed the 'big, beautiful bill,' seeks to eliminate key tax credits from the Inflation Reduction Act (IRA), putting the expansion of America's battery and clean energy manufacturing sectors at risk. Analysts warn the legislation could slash U.S. battery production by 75% and EV sales by 40% by 2030, threatening up to 130,000 potential jobs, especially in states with major recent investments. Since the IRA, over $321 billion has been invested in clean tech manufacturing and hundreds of facilities have been announced, many now in jeopardy. Industry leaders warn that removing these incentives could halt investment, undermine national security efforts to compete with China, and derail clean energy progress. The bill faces an uncertain future in the Senate, with its effects on red and purple states heightening political stakes. Many manufacturers are pausing or reconsidering expansion plans until the legislative outcome is clear.