wasting money, creating crony capitalism and special interest groups. Even Tesla are using batteries from China now. Half of Tesla cars (made and sold oversea) are equiped with Chinese battery and Tesla began to use Chinese battery on its cars made in US, starting from entry level model.
From technology, manufacturing to cost of production, US simply can't compete. Since Sony first used lithium-ion battery, Japan dominated the world with 90% lithium-ion battery. Then China took over, supplying battery to all European cars. US never excel in this industry in term of mass production. This move is classic example of ideology over reality. It will fail. Mark my words.