US manufacturing investment stumbles as clean tech cancellations pile up

According to A, more clean technology manufacturing investment in the United States was canceled than the second quarter To study new From Rhodium Group and MIT. Companies have canceled the $ 5 billion project, while only $ 4 billion was announced in new investment.

Investing in actual clean technology production, not just declaration, 15%has decreased.

In the context of it comes the Poolback comes GOP’s reunion billWhich erased the main parts of the inflation decrease the law, it was a law that encouraged a tidal wave of investment in the United States to invest in the United States. The last quarter cancellations are second after Q1 this year, where the billion $ 7 billion investment was canceled.

The latest projects to get the ax were the battery factories, the report said. This industry has faced new headwinds by pulling the original support for many projects by softening the growing demand for electric vehicles and eliminating producing taxes.

The cancellations of the first trimester were largely centered around EV production, while the battery production was responsible for most of the second quarter. Nevertheless, battery production remains the main driver of the new investment, killing $ 8 billion in the second quarter.

According to data from the US Bureau of Economic Analysis, Pulbak mirrors mirrors a comprehensive reprint in investing across the American economy. Expenditure New factory building In both Q1 and Q2, about a quarter percentage was reduced, the first period drawn from 2020 has decreased.

Just two years ago, about a year later Pass the Law of Reduction to InflationThe story was very different. Investments in the new manufacturing structure have hit 2.22%, which is the biggest change in new investment since 1971.

The news came that the US economy increased faster than expected in Q2, the total domestic product increased by 3.3%, the economic analysis bureau initially reported more than 3%. Nevertheless, if production investment continues to decrease, it seems the long -term power of the economy.