Hyperdrive

America’s Battery Industry Tries to Find Its Footing in Trump World

The sector is very much in limbo following a surge in activity during the Biden presidency.

Donald TrumpPhotographer: Andrew Harnik/Getty Images
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Last week, I attended the annual gathering of NaatBaat International, a trade group focused on building a homegrown battery industry in North America. The crowd of startup executives, scientists and consultants was about 20% smaller compared with last year’s conference, a reflection of the headwinds the industry is now facing.