The clash between uncertain federal policy shifts and ambitious industrial investments is no more ironically illustrated than the massive projects taking shape in EVs and defense tech.
In defense: Palmer Luckey’s Anduril Industries is set to build a $1 billion autonomous weapons facility in Ohio, creating over 4,000 jobs by 2035 and starting production by July 2026. The plant will produce high-tech systems like Fury, Roadrunner, and Barracuda, funded by a $1.5 billion Series F round led by Sands Capital and Founders Fund. Strategically located near key transport hubs and Wright-Patterson Air Force Base, the facility aims to enhance national security and expand Anduril’s defense capabilities, following recent military contracts.
High-end electric: Rivian is set to restart construction on its Georgia electric vehicle plant in 2026 after securing a $6.57 billion loan from the Department of Energy, following a pause due to rising costs. The project, expected to create 2,000 construction jobs, will produce R2 SUVs and R3 crossovers starting in 2028. However, with President Trump in office, there could be hurdles as he has previously limited renewable energy initiatives and paused related funding disbursements.
Macro moves: One of Trump’s recent executive order aims to dismantle Biden-era EV policies, including a goal for EVs to hit 50% of new car sales by 2030 and California’s plan to phase out gas cars by 2035. It also targets a $7,500 EV tax credit and EPA emissions rules, while pausing billions for EV charging stations. Critics warn these moves could hurt jobs, manufacturing, and efforts to cut transportation emissions, sparking potential legal battles.
PBS reports that despite federal rollbacks, Michigan in particular stays hopeful about its EV future, with over $27 billion in investments in EV projects. The state’s auto legacy and infrastructure are crucial as local businesses and training programs pivot to EV technology. Yet, paused incentives could slow EV sales, which were 8.1% of U.S. new car sales in 2024, leaving some newer entrants cautious but determined to stay competitive.
