U.S. EV Policy Reversal and OEM Investment Retrenchment

U.S. policy changes and uncertainty have reportedly contributed to nearly $20 billion in canceled 2025 EV-related projects, alongside layoffs, program cancellations and shifts toward combustion vehicles, hybrids and stationary storage. The reversal contrasts with faster-growing regions and raises questions about manufacturing competitiveness, supply chains and whether energy storage can absorb displaced battery capacity.