Zero-emission vehicle sales increased 28% from Q1 2026, but was down 3% relative to Q2 2025. Distributed electricity generation and storage investment reached nearly $12 billion in Q2 2026, marking the highest quarter on record, with residential battery storage installations accounting for 75%.

In the second quarter of 2026, clean energy and transportation investment in the US totaled $75 billion, a 22% increase from Q1 2026 and the second-highest quarter of investments on record. The increase was largely driven by consumer spending on clean technologies.

Since the Advanced Manufacturing Production Credit (45X) was enacted, the US has seen billions of dollars in investment across its clean energy manufacturing base. But for all its success, the credit is limited in scope, omitting technologies that have become increasingly important.

Policymakers in the AI space have been narrowly focused on the most visible parts of the system: chips, cloud, and models. But to craft a durable AI strategy, policymakers need to reconcile industrial capacity, geopolitical realities, and rapid evolution of the technology.

But after 2030, the grid’s trajectory diverges significantly across our scenarios. Renewable additions hold near 53 GW/year through 2040 in the low-emissions case, but fall to just 3 GW/year in the high-emissions case as cheap natural gas takes over. From our new outlook: rhg.com/research/tak...

We project that a historic influx of renewables comes online between now and 2030, in response to surging electricity demand and in time to claim federal tax credits before they expire. 48-50 GW of solar, wind, and storage are deployed on average through 2030, in line with 2025's record of 50 GW.

India has seen some success in sectors it targeted for export growth, like smartphones and solar panels. Its Production-Linked Incentive program provided funds that helped companies break ground on capital-intensive projects.

When the US-China trade war began in 2018, India was widely expected to be a top beneficiary of shifting supply chains. But it has lagged well behind Vietnam and Mexico in capturing manufacturing value added and absorbing China's declining share of US imports.

In the power sector, surging electricity demand, driven increasingly by new AI data centers, is running into a power grid that has seen flat load growth for decades. This is against a backdrop of shifting policy, as the most impactful parts of the clean electricity tax credits are set to phase out.

In our new Taking Stock 2026, our annually updated projections for the US energy system and greenhouse gas emissions under all current and federal state policy, we find that the US is on track to reduce emissions by 27-41% below 2005 levels in 2040.

New project announcements in Q2 rose sharply to $10 billion, more than five times the $2 billion in the previous quarter, largely driven by solar manufacturing projects. Canceled investment increased 4% quarter-on-quarter to $1.7 billion in Q2 2026. www.cleaninvestmentmonitor.org/reports/us-c...

In Q2 2026, actual investment in US clean tech manufacturing increased 4% quarter-on-quarter to $8 billion, breaking a six-quarter streak of consecutive declines. Investment remained 24% below Q2 2025 levels.

In new analysis, we assess which options for powering data centers genuinely accelerate the energy transition, which undermine progress, and which merely participate in trends that are taking place anyway, using the just launched Transition Acceleration Framework: rhg.com/research/dat...

Global clean technology manufacturing investment has moderated after a decade of extraordinary growth. China and the US were both the primary drivers of that rise and the subsequent pullback—though the nature of each country’s decline differs significantly. rhg.com/research/us-...

India has seen a massive solar manufacturing build-out, putting it third behind China and the US in current and planned solar cell and module capacity globally. Quarterly investment has recently started falling, however, due to mounting US tariffs and domestic overcapacity. rhg.com/research/sol...

New: We dig into how the global solar manufacturing landscape is responding to US tariffs and overcapacity—with a focus on India and Southeast Asia, where investment has fallen markedly in recent quarters. rhg.com/research/sol...

Some expansive accountings of Chinese FDI in clean tech have tallied nearly $400 billion in investment. In reality though, the footprint of Chinese companies along the supply chains of clean tech is much smaller, with completed FDI likely in the range of $85 billion.

Chinese overseas clean tech investment is growing but not as large as some headlines suggest, according to new data on FDI by Chinese companies abroad across the EV, solar PV, and wind turbine value chains.

China's policymakers use a tiered program for innovative small and medium companies to enable their industrial upgrading. In recent years, we can see an increased focus on the services industry, as more research and tech services companies are designated in the program.

In Q1 2026, investment in US EV supply chain manufacturing declined again, falling 10% from Q4 2025, and 36% relative to Q1 2025. Battery manufacturing investment experienced the steepest decline, falling 16% relative to Q4 2025 and 47% from Q1 2025. www.cleaninvestmentmonitor.org/reports/us-q...

However cumulative investment in clean electricity production grew 29% over the past four quarters to $105 billion—the largest sustained four-quarter investment period since CIM tracking began in 2018.

New: US clean energy and transportation investment fell in Q1, marking the second quarter in a row with a year-over-year decline, following an unbroken year-on-year growth trend that had held since 2019. www.cleaninvestmentmonitor.org/reports/us-q...

Last quarter, Chinese firms announced close to $10 billion worth of M&A, the highest level in five years. The deals were concentrated in mining and consumer goods.

In new analysis, we assess which countries are best positioned to produce clean iron and examine the role of trade in making clean steel commercially viable globally. rhg.com/research/glo...

Direct reduced iron (DRI) is the dominant clean ironmaking pathway, a key step for clean steel. According to our tracking of global clean steel investment, hydrogen-ready natural gas DRI, an important transitional tech, accounts for 57% of investment to date, while hydrogen DRI accounts for 38%.

Last quarter marks the lowest announced investments in US clean tech manufacturing in more than 5 years. Cancelled investment was subdued at $1.6bn after a record-high $8bn cancellations in Q4 2025. New data on US clean tech manufacturing in Q1 2026: www.cleaninvestmentmonitor.org/reports/us-c...

The demographic pressures on China’s fiscal balance are likely still underappreciated. Beijing spent 2.9 trillion yuan to fill the deficit from the social security fund, accounting for 10.1% of last year’s general budget spending. The deficit is likely to widen further.

New Clean Investment Monitor data: In Q1 2026, actual investment in US clean tech manufacturing fell for a 6th consecutive quarter, an 11% drop from Q4 2025 and 34% from Q1 2025. It was also the lowest level of announced investments in more than 5 years www.cleaninvestmentmonitor.org/reports/us-c...

Tomorrow at 12pmET, Rhodium Group staff and other experts will share insights from the Clean Investment Monitor's expanded tracking of investment trends in the manufacturing and deployment of clean technologies around the world. Register for the webinar here: neiscenter.org/event/tracki...

But demographic pressures on China’s fiscal balance are still underappreciated. In 2025, Beijing spent 2.9 trillion yuan to fill the deficit from the social security fund, accounting for 10.1% of last year’s general budget spending. The deficit is likely to widen further.