Energy Economics Weekly Briefings

Energy Economics Weekly Briefings

Energy Economics Weekly Briefings, by UMEI Senior Economist Ellen Hughes-Cromwick, feature an economist's look at the national transportation, energy, economic, and environmental landscape.
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This week's takeaways: 

Energy Economics Weekly Briefing: Tax Reform and Capital Spending on Renewables and EVs 

  • The Tax Cuts and Jobs Act, passed last month, includes a host of provisions- including spending on renewable energy equipment- which affect the capital investment climate.

  • Investment decision-making rests on expectations about future demand for products and services which the investment would enable, and other factors commingled with the new tax law.

  • The projected impact on renewables’ investment from these provisions may be favorable and incentivize growth this year. 

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About Ellen Hughes-Cromwick

Ellen Hughes-Cromwick recently completed an appointment as Chief Economist of the U.S. Department of Commerce during the Obama Administration. At the Department of Commerce, Hughes-Cromwick worked on several administration initiatives to improve data quality, measure the digital economy, and expand manufacturing, trade and investment.  She assisted Commerce Secretary Penny Pritzker on global macroeconomic matters in support of her commercial diplomacy, trade, and foreign direct investment initiatives. Hughes-Cromwick also supported the development of the Obama Administration’s economic forecast.

Prior to joining the U.S. Department of Commerce, Hughes-Cromwick was chief global economist at Ford Motor Company and an Adjunct Professor at U-M’s Ross School of Business. She led Ford’s global corporate economics group with major responsibility for the Company's global economic, financial, and automotive industry forecasts used to support business strategy, finance, and planning.