trump ukraine plan peace trumps peace plan war deal death canada

Electric car sales fuel record-breaking quarter for US clean-energy investments

Data: Rhodium Group; Chart: Axios VisualsConsumers scrambling to take advantage of expiring tax credits for electric cars drove a record-breaking quarter of U.S. clean-energy investments, according to a new report.Why it matters: It shows that policy matters, especially if it's coming or going.The report by research firm Rhodium Group and MIT shows the real-time scramble of clean-energy industries in response to President Trump rescinding a range of subsidies in the recent tax law.Driving the news: Clean-energy investments in the third quarter totaled $75 billion, it finds.This was largely fueled by a surge in sales in zero-emission vehicles (mostly electric cars), which reached $31 billion, a 32% increase from the previous quarter.The federal EV tax credits expired at the end of the third quarter.Reality check: This is poised to be a high-water mark for such investments, as other numbers point to declines.Investments in the EV manufacturing sector, for example, dropped 30%, or $8 billion, compared to the same period last year.The big picture: So far, the Trump administration's policy repeals are slowing down, not wholly reversing, trends toward cleaner energy.Globally, EVs are rising in more countries even amid U.S. policy headwinds, though they remain heavily concentrated in China, the EU and U.S., according to a separate International Energy Agency study.Between the lines: It's two steps forward, one step back.Companies announced $6 billion in new clean energy manufacturing projects this past quarter — mostly for EVs and batteries.But companies also canceled $2 billion worth of projects — again, mostly battery manufacturing, Rhodium finds.What's next: Tax credits for two other types of consumer-facing cleantech — heat pumps and distributed power and storage — are set to expire at year's end.

Comments

Similar News

EU explores cutting costs of carbon border tax on UK electricity producers

about 21 hours ago

China's diesel trucks are shifting to electric

Business secretary backs shift to electric arc furnaces at British Steel plant

Carney bets on more critical minerals mining, electricity and liquified natural gas in latest batch of major projects

London congestion charge to rise 20% and apply to electric vehicles

Rachel Reeves ‘planning pay-per-mile tax for electric vehicles in budget’

UK gas and electricity firm Tomato Energy collapses as industry watchdog steps in

How Spanberger, Sherrill will address high electricity costs after winning elections

Danish authorities in rush to close security loophole in Chinese electric buses

AI’s Rapacious Appetite for Electricity Can Accelerate Clean Energy

Australia to force energy companies to offer free daytime electricity

Rachel Reeves’s 5% VAT cut on electricity bills will backfire, experts say

US electricity bills up by more than 10% in Trump’s second term, data shows

With global electricity demand rising, Canada faces a nuclear dilemma

Why the Price of Electricity Is Spiking Around the Country

Australia politics live: Trump praises Albanese at dinner on Apec sidelines; Bowen predicts lower electricity prices

Climate policies, AI demand and tariffs collide as U.S. electric bills soar

How a high-end Chinese electric-car maker lost its charge

Inside the Data Centers That Train A.I. and Drain the Electrical Grid

Tanni Grey-Thompson says disabled drivers at risk of missing out on switch to electric cars

World news

Canadians mistaking 'best before' and expiry dates are discarding hundreds of dollars in food: study

Canadians mistaking 'best before' and expiry dates are discarding hundreds of dollars in food: study

about 1 hour ago

Halifax throws its founder under the bus: The fall of Edward Cornwallis

Halifax throws its founder under the bus: The fall of Edward Cornwallis

about 1 hour ago

Driver’s near miss after bald eagle drops cat through car windshield

Driver’s near miss after bald eagle drops cat through car windshield

about 1 hour ago

Four guards sentenced in beating death of an handcuffed Black man at New York prison

Four guards sentenced in beating death of an handcuffed Black man at New York prison

about 1 hour ago

Grizzly bear kills one and injures 11 in attack on schoolchildren in Canada

Evening Standard

Grizzly bear kills one and injures 11 in attack on schoolchildren in Canada

about 3 hours ago

How Trump’s peace plan for Ukraine has been entirely dictated by Putin

How Trump’s peace plan for Ukraine has been entirely dictated by Putin

about 3 hours ago

Radiohead’s alt-rock sounds as fresh as ever, even after 40 years

Radiohead’s alt-rock sounds as fresh as ever, even after 40 years

about 3 hours ago

England humiliated by Australia in two-day Ashes defeat

England humiliated by Australia in two-day Ashes defeat

about 3 hours ago

Elderly man dies in attack at Post Office cash machine as murder probe launched

Elderly man dies in attack at Post Office cash machine as murder probe launched

about 3 hours ago

Christmas turkey shortage fears as UK farms hit by 'super strain' bird flu

Christmas turkey shortage fears as UK farms hit by 'super strain' bird flu

about 3 hours ago

Agony of Cheryl Cole's former aide who died in horror 120mph storm

Agony of Cheryl Cole's former aide who died in horror 120mph storm

about 3 hours ago

House of horrors where 'sex suicide pact Brit went to die' - 'frantic texts, beatings and video’

House of horrors where 'sex suicide pact Brit went to die' - 'frantic texts, beatings and video’

about 3 hours ago

Ukraine-Russia war latest: Zelensky says ‘most difficult moment in history’ as Trump sets peace deal deadline

Ukraine-Russia war latest: Zelensky says ‘most difficult moment in history’ as Trump sets peace deal deadline

about 5 hours ago

Ukraine loses land, no Nato and Russia back in the G8: What is in Trump’s 28-point plan to end the war?

Ukraine loses land, no Nato and Russia back in the G8: What is in Trump’s 28-point plan to end the war?

about 5 hours ago

I can’t afford to ski, but a Swiss-style chalet in Yorkshire was perfect

I can’t afford to ski, but a Swiss-style chalet in Yorkshire was perfect

about 5 hours ago

Seven helpful things to say to someone who is grieving

Seven helpful things to say to someone who is grieving

about 5 hours ago

We were hit with a £148k inheritance tax bill when mum died at 97 – it’s disgusting

We were hit with a £148k inheritance tax bill when mum died at 97 – it’s disgusting

about 5 hours ago

A big week for UK

A big week for UK

about 5 hours ago

Trump’s Ukraine deal is the only option – thanks to Europe

Trump’s Ukraine deal is the only option – thanks to Europe

about 5 hours ago

Monty Panesar: I tried to rattle Steve Smith – it worked

Monty Panesar: I tried to rattle Steve Smith – it worked

about 5 hours ago

How to care for evergreen winter shrubs, according to an RHS expert

How to care for evergreen winter shrubs, according to an RHS expert

about 5 hours ago

Judge who wore Elvis wig in court has left the building

Judge who wore Elvis wig in court has left the building

about 5 hours ago

Families of Yemeni aid workers detained by Houthi rebels despair for their fate

Families of Yemeni aid workers detained by Houthi rebels despair for their fate

about 5 hours ago

Frustrations grow in Russia over cellphone internet outages that disrupt daily life

Frustrations grow in Russia over cellphone internet outages that disrupt daily life

about 5 hours ago

Africa's first G20 summit opens with an ambitious agenda and tries to move on from Trump's boycott

Africa's first G20 summit opens with an ambitious agenda and tries to move on from Trump's boycott

about 5 hours ago

'Cruelest death in history' where man's flesh was torn off and EATEN by prisoners

'Cruelest death in history' where man's flesh was torn off and EATEN by prisoners

about 5 hours ago

'I survived the Jim Jones mass suicide and I know why so many made appalling decision'

'I survived the Jim Jones mass suicide and I know why so many made appalling decision'

about 5 hours ago

Teacher avoids £1m payout as she was 'unaware sexual abuse harmed students'

Teacher avoids £1m payout as she was 'unaware sexual abuse harmed students'

about 5 hours ago

Crew evacuated safely after explosion ignites fire on ship at Los Angeles port

Crew evacuated safely after explosion ignites fire on ship at Los Angeles port

about 6 hours ago

I lied about my £23k salary to fit in with my friends – was I wrong to do so?

I lied about my £23k salary to fit in with my friends – was I wrong to do so?

about 6 hours ago

‘The worst thing is to win big’ – Why Starmer can’t control his ‘feral’ MPs

‘The worst thing is to win big’ – Why Starmer can’t control his ‘feral’ MPs

about 6 hours ago

At 90, I still cycle twice a week and lift weights – and you can too

At 90, I still cycle twice a week and lift weights – and you can too

about 6 hours ago

I want to ditch Britain for Europe – new EU border rules are the last straw after Brexit

I want to ditch Britain for Europe – new EU border rules are the last straw after Brexit

about 6 hours ago

Bryan Cranston is magnificent in All My Sons

Bryan Cranston is magnificent in All My Sons

about 6 hours ago

Five easy ways to change the way you think – and live happier in the process

Five easy ways to change the way you think – and live happier in the process

about 6 hours ago

The astonishing claim about why Chinese Embassy ‘spy base’ is being approved

The astonishing claim about why Chinese Embassy ‘spy base’ is being approved

about 6 hours ago

How much you’re really saving with a supermarket loyalty card

How much you’re really saving with a supermarket loyalty card

about 6 hours ago

I’ve been on dozens of solo holidays – here are seven of the best

I’ve been on dozens of solo holidays – here are seven of the best

about 6 hours ago

Hitler, video games and Jaws: How extremists are selling racist T-shirts directly to you

Hitler, video games and Jaws: How extremists are selling racist T-shirts directly to you

about 6 hours ago

Devastation left by Hurricane Melissa in Jamaica like a 'world war', says Olympic medallist

Devastation left by Hurricane Melissa in Jamaica like a 'world war', says Olympic medallist

about 7 hours ago

<a href="https://www.skysports.com/cricket/live-blog/12040/13473198/the-ashes-live-australia-vs-england-first-test-text-updates-and-latest-score-from-2025-26-series-opener-in-perth" target="_blank">The Ashes live: England struggle in second innings with seven wickets down</a>

<a href="https://www.skysports.com/cricket/live-blog/12040/13473198/the-ashes-live-australia-vs-england-first-test-text-updates-and-latest-score-from-2025-26-series-opener-in-perth" target="_blank">The Ashes live: England struggle in second innings with seven wickets down</a>

about 7 hours ago

Benidorm tourist left scrubbing for days after huge mistake in bid to impress as Hulk

Benidorm tourist left scrubbing for days after huge mistake in bid to impress as Hulk

about 7 hours ago

Ukraine allies to hold talks at G20 on White House peace plan

Ukraine allies to hold talks at G20 on White House peace plan

about 7 hours ago

What Is Trump’s 28-Point Plan to End Russia’s War in Ukraine?

What Is Trump’s 28-Point Plan to End Russia’s War in Ukraine?

about 7 hours ago

Russian Exiles See Europe Visa Rule as Blow Against Them, Not Putin

Russian Exiles See Europe Visa Rule as Blow Against Them, Not Putin

about 7 hours ago

Winnipeg Jets fall to Hurricanes 4-3 in Ehlers’ return to Winnipeg

Winnipeg Jets fall to Hurricanes 4-3 in Ehlers’ return to Winnipeg

about 8 hours ago

Sinking McBarge in Fraser River blocking B.C. company’s chance to expand

Sinking McBarge in Fraser River blocking B.C. company’s chance to expand

about 8 hours ago

Raptors advance to NBA Cup’s quarterfinals

Raptors advance to NBA Cup’s quarterfinals

about 8 hours ago

Scarborough residents baffled by basketball net crackdown

Scarborough residents baffled by basketball net crackdown

about 8 hours ago

Raptors advance to knockout round of NBA Cup

Raptors advance to knockout round of NBA Cup

about 8 hours ago

Fox News station runs ads for handguns featuring Donald Trump’s likeness

Fox News station runs ads for handguns featuring Donald Trump’s likeness

about 8 hours ago

Read Marjorie Taylor Greene’s full four-page statement resigning from Congress: ‘I refuse to be a battered wife’

Read Marjorie Taylor Greene’s full four-page statement resigning from Congress: ‘I refuse to be a battered wife’

about 8 hours ago

Vanity Fair reportedly ‘looking at all the facts’ on Olivia Nuzzi following claims made in fiery article by her former fiancé

Vanity Fair reportedly ‘looking at all the facts’ on Olivia Nuzzi following claims made in fiery article by her former fiancé

about 8 hours ago

Anyone expecting a showdown when Trump met Mamdani got a pretty big surprise

Anyone expecting a showdown when Trump met Mamdani got a pretty big surprise

about 8 hours ago

The Christian converts the US is deporting back to Iran

The Christian converts the US is deporting back to Iran

about 8 hours ago

Tracking build-up of US military planes and warships near Venezuela

Tracking build-up of US military planes and warships near Venezuela

about 8 hours ago

India's blind women cricketers chase history at first T20 World Cup

India's blind women cricketers chase history at first T20 World Cup

about 8 hours ago

Our babies were taken after 'biased' parenting test - now we're fighting to get them back

Our babies were taken after 'biased' parenting test - now we're fighting to get them back

about 8 hours ago

Wolves knock off London Knights on a Sudbury Friday night

Wolves knock off London Knights on a Sudbury Friday night

about 10 hours ago

Toronto officer charged with sexual assault, threats after alleged decade-long misconduct

Toronto officer charged with sexual assault, threats after alleged decade-long misconduct

about 10 hours ago