‘No force on Earth’

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.

In April alone, companies backed out of $4.5 billion in battery, EV, and wind projects right before the House passed a sweeping tax and spending bill that would gut the federal tax incentives fueling the clean energy boom. E2 also found another $1.5 billion in previously unreported project cancellations from earlier in the year.

Now, with the Senate preparing to take up the so-called “One Big Beautiful Bill Act,” E2 says over 10,000 clean energy jobs have already vanished.

“If the tax plan passed by the House last week becomes law, expect to see construction and investments stopping in states across the country as more projects and jobs are cancelled,” said Michael Timberlake, E2’s communications director. “Businesses are now counting on Congress to come to its senses and stop this costly attack on an industry that is essential to meeting America’s growing energy demand and that’s driving unprecedented economic growth in every part of the country.”

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Ironically, it’s Republican-led congressional districts – the biggest beneficiaries of the Biden administration’s clean energy tax credits passed in 2022 – that are feeling the most pain. So far, more than $12 billion in investments and over 13,000 jobs have been canceled in GOP districts.

Through April, 61% of all clean energy projects, 72% of jobs, and 82% of investments have been in Republican districts.

Despite the rising number of cancellations, some companies are still forging ahead. In April, businesses announced nearly $500 million in new clean energy investments across six states. That includes a $400 million expansion by Corning in Michigan to make solar wafers, which is expected to create at least 400 jobs, and a $9.3 million investment from a Canadian solar equipment company in North Carolina.

If completed, the seven projects announced last month could create nearly 3,000 permanent jobs.

To date, E2 has tracked 390 major clean energy projects across 42 states and Puerto Rico since the Inflation Reduction Act passed in August 2022. In total, companies plan to invest $132 billion and hire 123,000 permanent workers.

But the report warns that momentum could grind to a halt if the House tax plan becomes law. Since the clean energy tax credits were signed into law, 45 announced projects have been canceled, downsized, or closed entirely, wiping out nearly 20,000 jobs and $16.7 billion in investments.

What’s more, Trump’s Department of Energy announced today that it was killing more than $3.7 billion in funding for carbon capture and sequestration (CCS) and decarbonization initiatives. Eighteen out of 24 projects were awarded through DOE’s Industrial Demonstrations Program (IDP), which was made law in the Inflation Reduction Act. It aimed to strengthen the economic competitiveness of US manufacturers in global markets demanding lower carbon emissions, while supporting US manufacturing jobs and communities.

Executive Director Jason Walsh of the BlueGreen Alliance said in a statement in response to today’s DOE announcement:   

The awarded projects that DOE is seeking to kill are concentrated in rural areas and red states. American manufacturers are hungry to partner with the federal government to bolster US industry. The IDP saw $60 billion worth of applications during the program selection process, a ten-times oversubscription. 

President Trump claims to be a champion of American manufacturing, but today’s announcement is further evidence that he and his Secretary of Energy are liars.

Read more: Global energy giant RWE halts US offshore wind because of Trump

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A Tesla prototype was spotted at the Fremont factory in California, sparking speculation that it’s the new “cheaper Tesla”, but it looks like a regular Model Y.

A drone operator flew over the Fremont factory this week and spotted a Tesla prototype with light camouflage on the front and back ends.

The vehicle is making a lot of people talk on social media and the media as many think it could be a new “affordable model” coming to Tesla.

Other than the camouflage, the vehicle looks just like a regular Model Y:

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It’s likely one of two things: a new “stripped-down Model Y” or a Model Y Performance.

Model Y Performance is the only version that Tesla hasn’t launched since the design changeover earlier this year.

The “stripped-down Model Y” is what will replace Tesla’s upcoming “affordable models.”

We have been reporting on this new vehicle program from Tesla for a while now.

It came to life just over a year ago as a pivot for Tesla after CEO Elon Musk canceled two cheaper vehicles that Tesla was working on, commonly referred as “the $25,000 Tesla”. Those vehicles were codenamed NV91 and NV92, and they were based on the new vehicle platform that Tesla is now reserving for the Cybercab.

Instead, Musk saw that Tesla’s Model 3 and Model Y production lines were starting to be underutilized as Tesla faced demand issues. Therefore, Tesla canceled the vehicles program based on the new platform and decided to build new vehicles on Model 3/Y platform using the same production lines.

We previously reported that these electric vehicles will likely look very similar to Model 3 and Model Y.

In recent months, several other media reports reinforced that, and Tesla all but confirmed it during its latest earnings call.

Considering this looks like a regular Model Y, it could be the new cheaper and less feature rich Model Y:

Some people are claiming that this vehicle looks smaller than the Model Y, but it’s difficult to tell as the black camouflage on the ends can confuse the eye.

It looks like a very similar size when it passes near other Tesla vehicles:

What do you think it is? Let us know in the comment section below.