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$35B in US EV, clean energy projects vanished in 2025 – here’s what broke

US clean energy

Businesses walked away from $5.1 billion in large-scale factories and clean energy projects in December alone – a stark finish to a year in which cancellations finally overtook new investment in the US clean energy sector. By the end of 2025, nearly $35 billion in clean energy investments had been canceled or downsized nationwide, taking more than 38,000 current and future jobs with them, according to new tracking from E2.

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$24B in clean energy projects scrapped under Trump – so far

clean energy projects September

The US clean energy sector took another gut punch in September as businesses scrapped or scaled back nearly $1.6 billion in major factory and clean energy projects, according to the latest monthly analysis from E2 and the Clean Economy Tracker. That brings the total cost of private-sector project cancellations this year to more than $24 billion.

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EVs and batteries fuel the US VPP boom, hitting 37.5 GW in 2025

virtual power plants US VPPs

The US virtual power plant (VPP) market is growing fast, with 37.5 gigawatts of behind-the-meter flexible capacity now online, according to a new Wood Mackenzie report. VPPs connect small energy systems and smart devices into a single network managed by an energy company or utility. That can include residential solar panels, battery storage, EVs, and smart thermostats. When the grid needs help during peak demand or emergencies, they can be tapped – and you get paid for participating.

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