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The Senate’s version of the OBBBA largely maintains cuts to energy-related tax credits and other climate and clean energy programs that have been under consideration by both the House and Senate for the past few months.
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We estimate China's total electric vehicle fleet is already displacing over 1 million barrels per day in implied oil demand. That level is likely to rise by around 600,000 barrels per day over the next year.
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The budget reconciliation bill passed by the House has important implications for US technology investment, manufacturing, and innovation.
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This note is the fourth in a series of briefings comparing clean technology deployment and manufacturing trends in Europe and the United States as part of a collaboration between Bruegel and Rhodium Group.
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We detail changes to the final bill, representing effective repeal of the most impactful energy tax credits.
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The House Ways and Means Committee's proposed language will raise energy costs for American households by as much as 7% in 2035, stifle energy technology innovation, increase pollution, and could put significant investment at risk.
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How much revenue could a hypothetical sale of China's state-owned assets yield?
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If tariffs remain high, US-China trade flows will be redirected in the medium term: Third countries may find opportunities to serve US demand, but will also face an influx of low-priced Chinese exports.
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ASEAN has become the top destination for Chinese manufacturing FDI by number of announced transactions, but US tariffs of more than 30% would deal a major blow to the region’s diversification boom and China’s FDI there.
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Since the US enacted the IRA, manufacturing has emerged as the fastest-growing segment of investment in clean energy technologies. We assess the state of key clean technology supply chains for solar, wind, batteries, and electric vehicles.