US auto industry has front-row seat to EV battery glut

Global supply expected to balloon to three times demand by 2030

20251119N panasonic batteries BlueOval montage

U.S. battery factories are holding off on plans for full-scale production as the outlook for electric vehicles grows murky. (Nikkei montage/Source photos by Panasonic, Nikkei)

AZUSA KAWAKAMI

NEW YORK -- The world is building factories for electric vehicle batteries at a faster pace than EVs are selling, and nowhere does this risk loom larger than North America, according to one forecast.

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