Carmakers Struggle with Transition to Battery Storage Systems Amid Weak EV Market
Carmakers and battery companies are repurposing EV battery factories to produce energy-storage systems for AI and data centers, but the transition is proving costly and slow. The weak U.S. EV market, exacerbated by Trump-era policies, has led to underutilized battery plants, and demand for energy storage may not be enough to offset the decline in EV battery demand.
Topics: automotive industry battery storage electric vehicles industry transition market demand