“While Automotive Energy Supply Corp. (AESC) didn’t specify what those problems are, South Carolina’s Republican governor said the company is dealing with the potential loss of federal tax breaks for electric vehicle buyers and incentives for EV businesses as well as tariff uncertainties from President Donald Trump’s administration,“ noted the report.
AESC announced the suspension in construction of its plant in Florence on Thursday. “Due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time,“ the company’s statement said.
The battery maker based in Japan also has facilities in China, the United Kingdom, France, Spain and Germany. In the United States, AESC has a plant in Tennessee and is building one in Kentucky. The statement didn’t mention any changes with other plants.
Hence then, the article about billion dollar battery plant pauses construction in us amid electric vehicle tariff uncertainty was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Billion-dollar battery plant pauses construction in US amid electric vehicle, tariff uncertainty )
Also on site :