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Businesses canceled, closed, or scaled back more than $4.4 billion in major factory and clean energy projects from late September through October, according to new data from E2. That brings total private-sector renewable and EV project losses to over $28.7 billion in 2025 alone.
Nearly 9,000 current and future jobs were impacted last month, bringing the total number of job losses tied to abandoned projects this year to almost 30,000.
E2 says nine battery, storage, solar, and EV factory projects were dropped or downsized in October across California, Michigan, Mississippi, and Ohio. Just one new large-scale project was announced in the same period – the lowest monthly total since E2 began tracking in August 2022, which was when the Inflation Reduction Act was passed under the Biden administration.
So far in 2025, cancellations are outpacing new clean energy investments nearly two to one. Companies have announced $11 billion tied to new projects and about 17,000 jobs, compared to the $28.7 billion and almost 30,000 jobs lost from abandoned ones.
Republican-held congressional districts continue to bear the brunt of their own policies, with $16.9 billion in canceled investments and nearly 22,000 jobs, compared to $9.9 billion and 13,000 jobs in Democratic districts.
Michael Timberlake, E2’s director of research and publications, said the wave of abandoned renewable projects in 2025 “reflects heightened uncertainty among manufacturers and investors about the long-term US policy landscape.” Many companies had already started construction, hiring, or major capital spending, he added, before reversing course, leaving communities with “fewer jobs, weakened tax bases, and stalled industrial expansion plans.”
E2’s latest numbers show that new investments aren’t keeping pace. Eos Energy Storage’s $352 million plan to relocate its headquarters to Pittsburgh and expand battery manufacturing pushed total tracked investments since August 2022 to $132.2 billion, a drop of more than $2 billion from last month. Overall, new investment levels have remained essentially flat for the past year, hovering just above $130 billion.
You can check out E2’s Clean Economy Works (CEW) Project Tracker here.
Read more: The Trump administration just killed the US’s largest solar project
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