$22B in clean energy projects canceled so far this year: Analysis

The Hill

5 days ago

Thousands of jobs and billions in investments have been ditched in the first half of this year as President Trump's administration has pushed back on new green energy investments, according to a new report.
'These cancellations aren't just numbers on a balance book,' Michael Timberlake, spokesman for E2, said in a statement Thursday on the nonpartisan economic and environmental group 's latest report. 'They're jobs, paychecks and opportunities in communities that were counting on these clean energy projects to drive economic growth. And now they're gone.'
'By effectively ending clean energy incentives, Congress is turning its back on thousands of American workers and dozens of communities that were ready to build our energy future and strengthen America's competitiveness,' he added.
The latest E2 analysis, which found $22 billion in clean energy projects had been canceled during the first half of this year, didn't cover the time through the final passage of Trump's agenda-setting 'One Big Beautiful Bill Act,' but it took into consideration items from the House and Senate that made it into the law.
Trump has railed against government incentives for green energy projects, calling them a 'giant SCAM' as some Republicans sought to keep protections for projects in their districts.
E2's analysis showed that about $2 billion such projects were canceled in all of last year, costing about 7,500 jobs.
Cancellations this June were led by major automakers scaling back EV production investments, after the Trump administration pushed a rollback of EV tax credits, the report found. General Motors cancelled a $4.3 billion expansion of a Michigan plant to build new electric pickups, and Toyota scaled back a $2.2 billion plan to retool an Indiana manufacturing site that was slated to build electric SUVs last month.
Republican congressional districts were hit particularly hard so far this year, the E2 report found, with more than $11.7 billion in investments and 11,700 jobs cancelled, delayed or closed in GOP-controlled areas in the first half of 2025. In Democratic districts, the cuts impacted $6.1 billion in investments and nearly 4,000 jobs.
According to the report, rising uncertainty prompted businesses to change plans for major battery, storage and electric vehicle (EV) factories in Colorado, Indiana, Michigan, New York and Oregon.
More than 5,000 jobs were lost to the changes in June, pushing the total number of job loses in 2025 to 16,500, E2 found.
Congress approved new clean energy tax credits in August 2022 through the Biden administration's 'Build Back Better' stimulus package after the COVID-19 pandemic.
Trump's massive tax and spending overhaul, which Republicans in Congress approved and Trump signed into law earlier this month, reversed some of those environmental initiatives.