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$15.5B in EV, renewable projects vanish as Senate eyes rollbacks

EV renewables

EV and renewable investments in the US are stalling – and May was another tough month. Businesses canceled $1.4 billion worth of clean energy factories and projects last month, according to the latest numbers from E2 and the Clean Economy Tracker. That pushes total canceled investments to $15.5 billion this year, wiping out nearly 12,000 potential jobs.

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Home solar/battery 30% incentive is over 180 days after Trump signs it – latest Senate bill

In the latest Senate version of the GOP’s budget and tax bill, better known as Trump’s Big Beautiful Bill, the 30% tax credit for home solar and batteries is going to be over 180 days from the time the President signs it.

Other tax credits for utility-scale solar and wind projects are going to be completely phased out by 2028.

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US solar just had a record-breaking Q1 but the GOP bill could wreck it

US solar module production

The US solar industry is still booming, but looming policy threats could pull the plug on that momentum.

According to the new US Solar Market Insight report from SEIA and Wood Mackenzie, the industry installed 10.8 gigawatts (GW) of new electricity-generating solar in Q1 2025, with solar and storage making up a whopping 82% of all new capacity added to the grid.

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$14B in EV, renewable projects scrapped as tax credit fears grow

FREYR battery factory Georgia

More than $14 billion in US renewable and EV investments and 10,000 new jobs have been scrapped or put on hold since January, according to a new analysis from E2 and the Clean Economy Tracker. The reason: growing fears that the Republican-majority Congress will pull the plug on federal clean energy tax credits.

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US wind + solar outproduced coal and nuclear in Q1 2025 – EIA

wind solar Q1 2025

All renewable energy sources, including wind + solar, produced more than a quarter of US electrical generation in Q1 2025 and provided nearly a third of total US electrical generation in March alone, according to US Energy Information Administration (EIA) data reviewed by the SUN DAY Campaign.

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Republican solar cuts raise your electric bill, threaten US energy/AI dominance

House republicans passed their tax bill, which promises to inflate costs for Americans and channel money from the middle class to billionaires, all while sending jobs to China.

But that’s not the only bad stuff that’s in the bill – it will also inflate your electricity costs and threaten a recent boom in solar installations that is helping to grow domestic energy production and feed power-hungry data centers for AI.

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