Trump likely to roll back but not dismantle Biden's clean energy spending

Published On Nov 11, 2024, 11:00 AM

Donald Trump, as he prepares to return to the White House, is expected to roll back some of the clean energy spending initiated by the Biden administration, particularly the Inflation Reduction Act (IRA), but not dismantle it entirely. Despite significant pushback from Republican lawmakers benefiting from these clean energy investments in their states, Trump’s administration may attempt to make changes using regulatory adjustments rather than outright repeal. Key provisions for electric vehicles and potential tariffs on solar components from China could face scrutiny. However, experts warn against the assumption that Trump's approach will completely stall clean energy development, given the growing demand for power driven by technological advancements in AI and data centers.