Rhodium Group & MIT CEEPR：2025年第四季度美国清洁能源投资监测报告（英文版）（13页）.pdf

1、Clean Investment Monitor:US Q4 2025 Update February 19,2026 CLEAN INVESTMENT MONITOR RHODIUM GROUP|MIT CEEPR 2 Summary In the final quarter of 2025,clean energy and transportation investment in the United States totaled$60 billion.This represents a 23%decline from the previous quarter(which was a re

2、cord-high for clean investment)and an 11%dip from Q4 of 2024.Despite the Q4 slowdown,clean investment in 2025 reached$278 billion,the highest annual total in our database and a 5%increase from 2024.Clean investment accounted for 4.3%of total private investment in structures,equipment,and durable con

3、sumer goods in Q4 2025,dropping a full percentage point from the previous quarters record high.Consumer purchases of electric vehicles(EVs)and other clean technology(heat pumps,distributed generation,and storage),tracked in our retail segment,declined substantially in Q4,falling 36%quarter-on-quarte

4、r as the expiration of the 30D consumer EV tax credit settled in.Despite this decline,retail remained the largest segment of investment this quarter at$26 billion,representing 43%of total clean investment.Over the full year,retail purchases of EVs and other clean technologies represented nearly half

5、(49%)of total clean investment,underscoring the central role of consumer spending.EV sales accounted for 35%of all clean investment in 2025,reflecting strong consumer demand in Q3 ahead of the consumer EV tax credit expiration.Investment tracked in our clean technology manufacturing segment continue

6、d its downward trend in Q4 2025,declining for a fifth consecutive quarter.Manufacturing investment fell 5%quarter-on-quarter and was down 29%relative to Q4 2024.Investment in our third segment,utility-scale clean electricity and industrial decarbonization technologies,reached$25 billion in Q4,an 11%