Joe Biden's Inflation Reduction Act and Chips and Science Act offered more than $400bn in tax credits, loans and grants.
But of the projects worth more than $100mn, a total of $84bn have been delayed for between two months and several years, or paused indefinitely, an FT investigation has found.
In over a hundred interviews conducted by the FT, companies blamed deteriorating market conditions, slowing demand and lack of policy certainty in a high-stakes election year for the delays.
How will this slowdown affect Biden's efforts to transform American industry?
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