Lawmakers Weigh to End to EV Tax Credits in Trump’s Budget Bill

Lawmakers weigh to end to EV tax credits in Trump’s budget bill

The House Rules Committee began meeting early Tuesday morning to discuss President Trump’s sweeping budget proposal, which includes a controversial provision: the elimination of several federal tax credits for electric vehicle owners.

A Climate Law, You Say? Never Heard of It.

When it passed in 2022, the Inflation Reduction Act was hailed by Democrats and environmentalists as the most important piece of climate legislation in American history. But today, as House Republicans debate whether to repeal the hundreds of billions of dollars that the law provides for solar panels, electric vehicles and other technologies designed to fight global warming, supporters of the law rarely mention the planet. Instead, the law’s def…

GOP aims to axe EV, green tax credits. Act 'now' to claim the breaks, experts say

House Republicans are expected to vote on legislation this week that would axe tax breaks for electric vehicles and home efficiency projects after 2025.

How the GOP Megabill Would Reshape the U.S. Energy Economy

Republicans are preparing to tear up America’s clean energy tax credits as part of their budget reconciliation megabill. Hollowing out those policies will have sweeping implications for the country’s energy system — it could set back solar, nuclear, and geothermal development; bring less electricity supply onto the grid; and devastate the country’s fledgling electric vehicle supply chain. A new report — written by our own Jesse Jenkins — is all…

IRA’s Section 6418 Transferable Credits: Will They Be Expanded to Other Industries?

Lately, elected representatives on both sides of the aisle have been displaying an appetite for expanding transferable tax credits to a broader variety of industries. This is evidenced by the recent profusion of proposed legislation that endeavors to subsidize emerging or important technologies with such valuable, transferable credits. This glut of proposed legislation—and the significant opportunities it may afford to the savvy buyer or seller—…

Electric vehicle owners may lose 4-figure tax credit in Republican budget plan

It is estimated the federal government spent about $2 billion in advance point-of-sale EV tax credit payments. Photo: Charlie Deets/Unsplash by Terri DeeIndiana News Service INDIANAPOLIS, IN - Supporters of electric vehicle ownership said there are a number of advantages to owning one. Studies show EVs can convert 85% to 90% of their energy into forward movement. A majority of the electricity used in an EV vehicle is American-made and an EV can …