An unprecedented buildout of supply chains for electric vehicles, batteries, and charging infrastructure has contributed to the start of a manufacturing renaissance in the United States that will be threatened if significant changes are made to the existing incentive structure. Between 2009 and 2024, companies pledged $224 billion in investments and announced 243,000 jobs across 557 electric vehicle, battery, and critical minerals facilities. Eliminating or otherwise making federal tax credits for these supply chains too difficult to attain would risk the future of transportation and energy jobs and harm the U.S. economy and national security, likely leaving the United States at a permanent disadvantage against Europe and especially China.
