Rhodium Group：2026路径迥异：中美清洁能源技术制造规模化发展路径对比报告（英文版）（15页）.pdf

1、RHODIUM GROUP|ENERGY&CLIMATE US AND CHINA CLEAN TECH MANUFACTURING 1 Worlds Apart:Contrasting US-China Approaches to Scaling Clean Technology Manufacturing May 13,2026 Kate Larsen(),Hannah Pitt(),Laura Gormley(),Xinyu Zheng()Global clean technology manufacturing investment has moderated after a deca

2、de of extraordinary growth.China and the US were both the primary drivers of that rise and the subsequent pullbackthough the nature of each countrys decline differs significantly.C hinas c lean m anufacturing boom was built on sustained,multi-pronged government support paired with demand-side polici

3、es that created deep domestic markets.In recent years,Beijing has pulled back to address excess capacity and intensifying price wars,and investment has fallen nearly 70%from its 2023 peak.Even so,ongoing policy support,strong domestic demand,and a renewed focus on supply chain security leave China w

4、ell-positioned to maintain its dominance across clean tech supply chains.The US followed a different trajectory.Investment grew modestly from 2018 to 2022 when the Inflation Reduction Act(IRA)sparked a surge in new clean tech investment,but with the reversal of demand-side policies and the paring ba

5、ck of many IRA support measures,investment has reversed course,falling 17%in 2025 from its 2024 peak.Unlike Chinas pullback,which came after years of aggressive investment that had already secured supply chain dominance,the US slowdown leaves significant planned investments canceled or in limbo,wide

6、ning the gap with China.In this note,we leverage Clean Investment Monitor data tracking quarterly clean technology manufacturing investments to dive deeper into whats driving investment trends in these two major economies.Energy&Climate RHODIUM GROUP|ENERGY&CLIMATE US AND CHINA CLEAN TECH MANUFACTUR