What the "Big Beautiful Bill" means for U.S. energy
Marketplace All-in-One
Marketplace
4.8 • 1.3K Ratings
🗓️ 21 July 2025
⏱️ 10 minutes
🧾️ Download transcript
Summary
With the passage of President Trump’s One Big Beautiful Bill, numerous Biden-era clean energy incentives will begin to phase out. Many of those incentives were aimed at onshoring energy and battery manufacturing.
Energy demand is only expected to rise as more data centers are built to service AI and electric and autonomous vehicles become more widespread. And storage for that energy has to come from somewhere.
Marketplace’s Meghan McCarty Carino speaks with Jeremy Michalek, a professor of Engineering and Public Policy at Carnegie Mellon University, about the impacts of the Big Beautiful Bill clean energy rollbacks.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Every great business starts as a dream, but turning that dream into reality, that's where Shopify comes in. |
| 0:08.1 | Shopify is proud to power many sources of UK e-commerce from brands like Mattel and Jim Shark to new entrepreneurs. |
| 0:15.1 | Worried about building a website, Shopify's ready-to-use templates help bring your brand to life. |
| 0:20.5 | Need a handbook content, Shopify's AI toolsto-use templates help bring your brand to life. Need a handwork content. |
| 0:22.0 | Shopify's AI tools generate product descriptions, headlines, and even enhance your images. |
| 0:28.2 | Struggling to get noticed, Shopify's marketing tools let you launch email and social campaigns |
| 0:33.7 | with ease. |
| 0:34.8 | And if you ever get stuck, Shopify's award-winning 24-7 support is always there to help. |
| 0:40.2 | Turn those what-ifs into why nots. |
| 0:42.5 | Turn those dreams into and give them the best shot at success with Shopify. |
| 0:48.0 | Sign up for your £1 per month trial and start selling today at Shopify.com. |
| 0:52.7 | com. |
| 0:53.2 | Go to Shopify.com.uk slash try.com.uk.uk slash try. Go to Shopify.com.uk slash try. Shopify.com.uker.UK. slash try. |
| 1:01.0 | A big, beautiful bill, but not for batteries. From American public media, this is Marketplace Tech. I'm Megan McCarty Carrino. |
| 1:24.1 | The one big, beautiful bill, which is now law, is set to phase out a number of clean energy incentives from the Biden-era inflation reduction act. |
| 1:33.8 | Wind and solar power have long been dismissed by President Trump in favor of a drill-baby-drill approach. |
| 1:41.8 | But the law could also drain domestic battery production, leaving the U.S. more reliant on China for this key technology. |
| 1:45.6 | That's according to Jeremy Mihalik, a professor of engineering and public policy at Carnegie Mellon University. |
| 1:49.0 | The Inflation Reduction Act provided big incentives not only to sell electric vehicles, |
| 1:53.9 | but also to shift the supply chain. China really dominates the supply chain for electric |
| 1:59.9 | vehicle batteries and battery materials. |
| 2:02.6 | And what the Inflation Reduction Act had done was to create big incentives to try to |
... |
Transcript will be available on the free plan in 17 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.