GOP Budget Act Impacts U.S. Renewable Energy Sector

July 11th, 2025 1:05 PM
By: Newsworthy Staff

The GOP Budget Act significantly undermines U.S. renewable energy progress, potentially ceding global leadership in green energy to China.

GOP Budget Act Impacts U.S. Renewable Energy Sector

The recent GOP Budget Act, championed by President Donald Trump, has introduced measures that could severely hinder the United States' advancements in renewable energy. This legislation not only reverses numerous climate action policies from the previous administration but also poses a significant threat to the country's position in the global renewable energy landscape. Analysts suggest that this move could advantage China in the race for green energy supremacy, as American companies like Mullen Automotive Inc. face increased challenges in both domestic and international markets.

For further details on Mullen Automotive Inc.'s efforts in the battery electric vehicle (BEV) space, visit https://ibn.fm/MULN.

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