According to an analysis published Thursday, more than $ 14 billion in energy investments specific to the United States have been canceled or delayed this year, while the megabill waiting for President Donald Trump has raised fears of the future of the domestic battery, electric vehicles and the development of solar and wind energy.
Many companies fear that investments will be in danger in the middle of the passage of the Republicans of a house of a tax invoice that was going to empty Clean Energy Credits, the non -partisan group E2, said in its analysis projects that IT and the consultation of the Atlas public policy had followed.
Groups estimate that losses since January have also cost 10,000 new clean energy jobs.
Tax credits, reinforced in the Historical Climate Bill adopted under former President Joe Biden in 2022, are crucial to stimulate renewable technologies The transition of clean energy. E2 estimates that $ 132 billion in plans have been announced since the so-called inflation reduction law was adopted, not to mention the cancellations.
Last week’s house bill actually makes time for many incentives for the law. The advocacy groups have decried the potential impact that could have on industry after Set of fiscal reductions of several dollars pass.
“The plan of the room coupled with the accent put by the administration on the fact of trampling the clean energy and going to a country powered by coal and gas gourmets causes the companies to cancel the plans, delay their plans and take their money and their employment to other countries,” said the executive director of E2, Bob Keefe.
The Senate now examines the bill with an informal deadline of July 4 to return it to the president’s office.
What was canceled
Some of the most recent cancellations include Kore Power Battery Factory in Arizona and Borgwarner’s closure of two EV manufacturing sites in Michigan. Bosch has suspended an investment of $ 200 million in a fuel cell factory in South Carolina, citing changes on the market in the past year in a declaration to the Associated Press.
Prices, inflationary pressures, emerging struggles and low adoption rates for certain technologies can also be reasons why the plans of these companies change. For example, the storage sectors of batteries and electric vehicles experienced the most impact in 2025, the latter, in particular having had difficult years. Several projects stimulated by the IRA were also canceled before 2025.
Among the projects canceled this year, most of them – more than $ 12 billion – came to the states led by the Republicans and the Congress districts, the analysis said. Red districts have benefited more than the Blues from an influx of clean energy development and jobs, according to experts.
Georgia and Tennessee are particularly at risk because they are very invested in the production of electric vehicles and battery, said Marilyn Brown, professor of energy policy at the Georgia Institute of Technology who was not involved in the analysis.
“If all of a sudden, these tax credits are deleted, I do not know how these current projects will continue,” said Fengqi You, engineering professor at Cornell University who was not involved either.
A handful of republican legislators have urged the pursuit of energy tax credits, some declared in a letter of April to the head of the majority of the Senate John Thune, Rs.d. That an abrogation could disrupt the American people and weaken the county’s position as a world leader in energy.
The United States and the world scene
The Trump administration has sought to dismantle a large part of the environmental and climatic policy of Biden – which he calls the “new green scam of Democrats – – withdraw from the Paris climate agreementRolling back of countless Historical pollution regulations And environmental initiativesreconsider Scientific results supporting climate actionblocking renewable energy sources And more in an effort for Strengthen a fossil fuel Agenda “American Energy Dominance”.
In the meantime, other countries are making green investments. The European Parliament engages in the mechanism of adjusting the carbon borders of the European Union, a policy intended to prevent “carbon leaks” or companies transferring production to countries where climate policies are less strict. And the international maritime organization is heading towards A tax on world carbon on shipping.
In a sign that not all hopes are lost for the future of renewable energies in the United States, only one April has experienced nearly $ 500 million in new developments, the Japanese manufacturing company Hitachi’s Energy Bradial Out transform manufacturing into Virginia and the corporate and technology company Corning Investing in solar manufacturing in Michigan.
However, $ 4.5 billion in development were canceled or delayed last month, according to the E2 tally.
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The story has been corrected to reflect Hitachi’s energetic arm built the manufacture of transformers in Virginia, not on transmission and electrification operations.
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The writer Associated Press Matthew Daly in Washington contributed to this report.
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Find out more about the AD climate coverage at http://www.apnews.com/climate-environment
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