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.
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Navee’s ST3 Pro electric scooter with Find My, regen brakes, and more takes you 47 miles to class at $684
By way of its official Amazon storefront, Navee is offering its new ST3 Pro Electric Scooter at $683.99 shipped, after redeeming the on-page promo code for an additional 10% savings, which beats out the direct pricing by $77. This scooter launched in March with a $1,299 MSRP that has since fallen to $950 at full price in the time since. We’ve seen discounts mostly taking the costs down to $760, though during the brand’s direct Prime Day Sale we saw extra savings take things to a $660 low. If you missed out on that low rate, you can score it at the next best price here, with a combined 28% markdown giving you $266 in total savings. Head below to learn more about this model and be sure to keep your eyes peeled for our upcoming hands-on review.
Navee is really upping the ante with its new flagship ST3 Pro electric scooter that certainly stands up to many of Segway’s popular models both in performance and pricing. It’s been equipped with a 600W motor that peaks at 1,350W to better tackle up to 28% inclines while also providing faster acceleration to its max 25 MPH speeds, depending on which of its riding modes you’ve activated. The 597Wh battery gives it plenty of juice to carry you up to 46.6 miles, while the new damping arm suspension system smooths out rides on uneven pavement, as well as bumpy off-road terrain. The inclusion of an eABs brake (along with hydraulic and drum brakes) not only guarantees stopping power, but the regenerative capabilities help to extend travel times with recycled momentum up to its impressive maximum.
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It comes packed with quality features that you’d expect in a higher-priced model, including Apple Find My integration so you always know where your scooter is and can track it down in case of theft, though they’ll also have to get through the proximity locking features too, making it quite a secure ride. Your fun won’t be stopped prematurely thanks to the self-healing tires, and riding at night is all the safer thanks to the ambient lighting located under the footboard that sports 15 different modes. There’s plenty more too, like the traction control system, auto-on headlight, a taillight with brake lighting functionality, integrated turn signals in the handlebars, and much more.
Streamline your pool testing with Aiper’s HydroComm smart 5-in-1 monitor at a second-ever $250 low
Through its official Amazon storefront, Aiper is offering its HydroComm Smart Pool Monitor at $249.99 shipped in both colorways, beating out its direct website pricing by $30. This newer device has only been on the market since mid-April when it launched at $300 before rising to its $500 full price tag, though lately, the MSRP has dropped to $400. Discounts at Amazon have mostly kept prices between $340 and $400 in the time since it launched, with Prime Day giving us the first drop to $250, which is coming back around for a second time here while the savings last. Taking advantage of this deal gives you Prime Day pricing once more, cutting $150 off the going rate for the best price we have tracked.
Heybike’s early access Back to School sale takes $500 off e-bikes with up to $198 in free gear starting from $999
Heybike has launched an early access Back to School sale that will run through August 4 with up to $500 discounts across its e-bike lineup. One of the most popular models that makes a perfect companion for students on campus is the brand’s Mars 2.0 Fat-Tire Folding e-bike that is down at $999 shipped during this event and comes with a free front basket and rear large basket ($198 value). While it carries a $1,499 full price tag, discounts often see it down at this same rate during sales, with it only beaten out by the short-term $900 rate we saw from Best Buy earlier in the month and the $899 low that occasionally pops up in flash events. You’ll be saving $500 off the bike and $698 in total with the free gear, with the option to even upgrade to a more powerful motor for $100 more.
This 80V 21-inch Greenworks cordless mower brings 4-in-1 functionality for up to half an acre at $365
Amazon is offering the Greenworks 80V 21-inch Cordless Push Lawn Mower with 4.0Ah battery and rapid charger for $365.18 shipped, which beats out the brand’s direct website pricing by $33. Normally, you’d be paying $500 for this package at full price, with discounts in 2025 mostly keeping things between $380 and $400, though we have seen it go as low as $360 occasionally, which was last seen during Prime Day. You’re looking at the next best price here while the savings last, giving you a $135 markdown off the going rate while also upgrading your lawn care routine with a more environmentally friendly solution.
For the rest of the day you can get Anker’s SOLIX C300X DC LiFePO4 power station at $180
As part of its Deals of the Day, Best Buy is offering the Anker SOLIX C300X DC Portable Power Station at $179.99 shipped, with the grey model matching at Amazon while it’s sitting full price directly from the brand’s website. While this model carries a $250 price tag directly from Anker, it’s more often seen at $200 at both Best Buy and Amazon, with discounts dropping costs in 2025 between $180 and $150, while things went lowest to $140 back during Christmas sales. You’re looking at a 28% markdown that will only last through the rest of the day, giving you $70 in total savings off the MSRP at the fourth-lowest price we have tracked.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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U.S. President Donald Trump looks on, during a meeting with European Commission President Ursula von der Leyen (not pictured), after an announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025.
Evelyn Hockstein | Reuters
President Donald Trump’s massive energy deal with the European Union will be difficult to implement, setting Washington and Brussels up for a potential future confrontation over tariffs and trade.
The EU has agreed to purchase $750 billion of U.S. energy and invest $600 billion in the U.S. by 2028, according to the White House. In exchange, Trump has agreed to a tariff of 15% on EU goods excluding steel and aluminum, which is half the 30% rate that he had threatened.
But the $600 billion investment in the U.S. is not binding on EU member states or companies. The European Commission, the bloc’s executive body, simply said that companies “have expressed interest in investing at least” that amount in the U.S by 2029.
The massive energy purchases in the deal are unrealistic due to market and political constraints, analysts said. The EU cannot force member states and companies to buy U.S. energy just as the Trump administration cannot force producers to sell to Europe, said Mathieu Utting, an analyst at Rystad Energy.
“This is non-binding. It’s a pledge,” said Erik Brattberg, an expert on Europe at the Atlantic Council, a think-tank with a focus on international affairs. “The EU itself doesn’t buy energy. It would be member states or companies from member states.”
A White House official told CNBC on Tuesday that Trump expects the EU to abide by its commitments under the deal.
“That is what the EU agreed to purchase,” the official said. “The President reserves the right to adjust tariff rates if any party reneges.”
The energy purchases are divided into $250 billion annual installments over the rest of Trump’s term, European Commission President Ursula von der Leyen told reporters Sunday. The EU is pledging significant purchases U.S. oil, liquified natural gas (LNG) and nuclear fuel to replace Russian fossil fuels, von der Leyen said.
But it is unclear how much EU member states and companies intend to buy of each fuel type. “Details have to be sorted out and that will happen over the next weeks,” von der Leyen told reporters.
Tripling U.S. exports unrealistic
EU member states bought about $80 billion U.S. oil, liquified natural gas, liquified petroleum gas and coal from the U.S. in 2024, according to data from Kpler. The bloc would have to triple its purchases of U.S. energy to meet the $250 billion annual purchase target laid out in the agreement.
“If this deal were to be realized, we’d be talking about the United States providing the lion’s share of European energy imports,” Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNBC on Monday. EU energy imports totaled $433 billion in 2024, according to Eurostat.
Increasing U.S. oil exports to the EU is difficult because production is flat and will likely decline in the coming months, said Svetlana Tretyakova, an oil analyst at Rystad.
U.S. companies would have to reroute exports from customers in Asia and Latin America to the EU, Tretyakova said. Importing more oil also does not align with the EU’s climate goals and the continent’s refining capacity is declining, she said.
Surging LNG exports is also tough, Utting said. U.S. terminals always run at full capacity so there isn’t slack capacity to increase shipments to the EU right now, he said. As in the case with oil, LNG would have to be diverted from other customers to Europe, he said.
More LNG capacity is coming online over the next two years that could be exported to Europe, he said. But the EU already receives more than half its imports from the U.S., Utting said.
“It’s very unrealistic that Europe would import exclusively from the U.S.,” he said. “They will want to diversify to some extent.”
While the headline $750 billion figure is unrealistic, the EU is showing that it is serious about expanding its energy trade with the U.S., said Alex Munton, director of global gas and LNG research at Rapidan Energy.
The EU was already planning to eliminate what remains of Russian LNG and pipeline gas imports to the bloc by 2028. This will create a supply gap of 25 million metric tons per year that the U.S. is perfectly positioned to fill, Munton said.
“The interests line up, they go hand in hand,” he said. “That’s why it’s essentially a convenient deal.”
The best-selling vehicle in China, EV or gas-powered, in the first half of 2025 was not the BYD Seagull or Tesla Model Y. It was actually the Geely Xingyuan. AKA the “Star Wish,” Geely’s EV topped the sales charts with prices starting under $10,000 in China.
Geely’s $10,000 EV outsells BYD and Tesla in China
BYD’s smallest EV, the Seagull, went back and forth with the Tesla Model Y for the title of most popular electric vehicle in China last year.
Through the first half of 2025, there’s a new leader at the top spot. According to Chinese media outlet Yiche, the Geely Geome Xingyuan was the best-selling EV in China through H1 2025, dethroning the BYD Segaull and Tesla Model Y.
Geely sold nearly 205,000 Xingyuan models in China through June. The BYD Seagull was second with 174,912 units sold, followed by the Tesla Model Y in third at 171,491.
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The Geely Xingyuan EV starts at 69,800 yuan in China, or just under $10,000. It’s available with two CATL-made LFP battery packs: 30.12 kWh or 40.16 kWh. The former is suitable for a CLTC range of 310 km (192 miles), while the latter is rated for 410 km (255 miles).
Best-selling vehicles in China in the first half of 2025 (Source: Yiche)
Although it was beaten out by Geely’s Star Wish, the BYD Seagull still put up impressive numbers, selling nearly 30,000 units per month.
To keep pace, BYD slashed prices (again) earlier this year to just 55,800 yuan ($7,800). The Seagull is typically priced from 69,800 yuan ($9,700), which is the same as the Xingyuan.
BYD Seagull EV (sold as the Dolphin Mini and Dolphin Surf overseas) Source: BYD
The Wuling Hongguan MINI EV (171,046) and BYD Qin PLUS (163,603) rounded out the top five. Meanwhile, the Xiaomi SU7 is quickly climbing the charts with over 155,000 units sold, ranking sixth. Despite limited production capacity, monthly SU7 sales have now averaged over 20,000 since October.
Xiaomi SU7 (Source: Xiaomi)
Tesla’s Model Y remained the top-selling premium EV in China in the first half of the year, but Xiaomi’s SU7 is quickly closing in.
Where will the rankings end up by the end of the year? It’s shaping up to be a close race in the world’s largest EV market. Let us know your thoughts in the comments below.
Source: Yiche
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