Summary
A report shows that U.S. clean-energy investments reached a record high of $75 billion in the third quarter, driven by electric car sales as tax credits expired. President Trump's recent tax law changes, including the removal of subsidies, influenced this surge. However, some areas like EV manufacturing saw a decline compared to the previous year.
Key Facts
- Clean-energy investments in the U.S. reached $75 billion in the third quarter.
- Sales of electric cars mainly drove this increase, totaling $31 billion.
- Electric vehicle (EV) tax credits expired at the end of the third quarter.
- EV manufacturing investments fell by 30% compared to the same period last year.
- Globally, electric vehicles are growing, mainly in China, the EU, and the U.S.
- New clean energy projects worth $6 billion were announced, focused on EVs and batteries.
- Companies canceled $2 billion in projects, also mainly in battery manufacturing.
- Tax credits for heat pumps and distributed energy technologies will expire at the end of the year.
