How much United States battery factory investment has been cancelled
United States battery factory investment cancellations have reached just over half of everything companies announced since 2022, a tracker run by E2, a nonpartisan business group, shows. E2 counts 91 battery manufacturing projects announced in the United States since 2022, worth 46.09 billion dollars in investment and 33,864 jobs. Of those, 39 projects have been cancelled, closed or downsized, taking 23.11 billion dollars with them, and 23.11 billion divided by 46.09 billion is just over half, about 50.1%, by arithmetic done for this article. E2 states that its own count comes only from public company and government announcements and excludes construction phase jobs entirely. About a third of every announcement carried no dollar or job estimate at all, E2 states, so the real totals likely run higher than these figures show.
46.09 billion dollars announced minus 23.11 billion dollars cancelled leaves 22.98 billion dollars still active, both figures are source 1 own totals for the battery category, and the subtraction is arithmetic done for this article.
Show the numbers
| Still active | 22.98 |
| Cancelled, closed or downsized | 23.11 |
The job losses cut deeper than the dollar losses
Of the 33,864 jobs the 91 battery projects promised, 25,261 disappeared with the cancelled projects, about 74.6%, close to three quarters, by arithmetic done for this article. That job loss share runs well above the 50.1% dollar loss share, a sign the projects taken back leaned toward the most labor heavy plans rather than the smaller and more automated ones still moving forward. What remains of the original buildout is 8,603 jobs and 22.98 billion dollars tied to projects that have not been cancelled, closed or downsized.
33,864 jobs announced across the 91 battery projects minus 25,261 lost to cancellations leaves 8,603 still tied to active projects, both figures are source 1 own totals, and the subtraction is arithmetic done for this article.
Show the numbers
| Still active | 8,603 |
| Jobs lost | 25,261 |
The cancellation wave has already peaked
The battery sector had already lost more than 21 billion dollars to cancellations by the end of 2025, an E2 year end analysis found, separate from a similar loss of more than 21 billion dollars in the electric vehicle sector. Michael Timberlake, director of research and publications at E2, described the wider pullback across every clean energy sector that year.
When nearly three dollars in investment are abandoned for every dollar announced, it means capital is no longer choosing American communities.
Michael Timberlake, director of research and publications at E2. Source 3.
By the first quarter of 2026 the battery total had grown to 23.11 billion dollars, but E2 own quarterly report states every cancellation that quarter hit electric vehicles, solar, wind or hydrogen instead, meaning the battery specific wave had already run its course. Only 12 major clean energy manufacturing projects were announced across every sector in the first quarter of 2026, worth roughly 758 million dollars and 1,968 jobs, against an average of more than 60 new factories a quarter in 2023 and 2024, Electrek reports.
One project shows what changed
General Motors sold its 49.99% stake, a share of ownership, in a New Carlisle, Indiana battery plant joint venture, a company it and Samsung SDI owned together, to Samsung SDI on August 11, 2026, ending a partnership the 2 companies started in April 2023. The plant was designed to make 27 gigawatt hours of battery cells a year, a gigawatt hour is the energy 1 gigawatt delivers over 1 hour, scalable to 36 gigawatt hours, and to employ more than 1,600 people, on 3.5 billion dollars of investment. Construction had already paused earlier in 2026, and Samsung SDI now plans to use the site to build batteries for stationary energy storage instead of the electric vehicle cells it was designed for, saying the change reflected slower than expected growth in electric vehicle demand. Tennessee and Ohio saw similar retreats in 2025, when SK On pulled back 2.8 billion dollars and 3,300 jobs and Ford cancelled a plant, without a stated dollar figure for it.