Republicans axing EV credit, phasing out ones for green energy in budget bill

[nitpicked]

https://thehill.com/policy/energy-environment/5296124-republicans-ev-credit-green-energy-tax/

House Republicans on Monday announced that they plan to repeal Democrats’ tax credits for electric vehicles (EVs) and phase out those that apply to climate-friendly energy sources.

The green energy credits have long been in the GOP’s crosshairs as party leaders decry climate spending. But they have also emerged as a point of conflict within the party, as Republicans whose districts house low-carbon energy projects have called for at least some of them to remain in place. while Freedom Caucus members have called or a full repeal.

In the text of their “big beautiful bill” released on Monday, Republicans called for terminating tax credits for pre-owned EVs purchased after the end of this year and new vehicles put in service after the end of next year.

The measure also includes a cap for new EVs put in service between 2025 and 2026, saying consumers will not be eligible for the tax credit if they buy from a manufacturer who has sold more than 200,000 EVs in the U.S. between 2010 and 2025.
(snip)

[OAITW r.2.0]

1. Elon won't be happy.

Not that Tesla has much of a future in the car business. Should be no surprise to anyone that Big Oil bought the Republican Party many years ago and they expect an ROI.

[doc03]

2. Since we are on the subject of EVs. In the infrastructure bill billions of dollars were to go

for a network of charging stations. I heard just a couple days ago there were only 50 something actually built in only a few states.
What happened?

[mitch96]

3. "Republicans axing EV credit" another nail in the coffin of Tesla...and all other EV"s How much you want to bet

that tesla will get a "special dispensation" on tax credits...
m