
Energy & Environment |
Energy & Environment |
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EV credit cut, others phased out in GOP bill |
House Republicans on Monday announced they plan to repeal Democrats' tax credits for electric vehicles (EVs) and phase out those that apply to climate-friendly energy sources. |
© Michael Sohn, Associated Press file |
The green energy credits have long been in the GOP's crosshairs, as party leaders have decried 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 for a full repeal. In the text of their "big beautiful bill" released 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. Meanwhile, the legislation also seeks to phase out credits for low-carbon energy sources. While these tax credits were expected to be a particular boon for wind and solar, they apply to any energy source that meets certain emissions thresholds. In the GOP's legislation, these credits will reduce to: - 80 percent for projects that begins producing energy in 2029
- 60 percent for a project that begins producing energy in 2030
- 40 percent for a project that begins producing energy in 2031.
After 2031, new projects will not be eligible for the credits. The bill also phases out tax credits for nuclear energy along the same timeline. Meanwhile, it ends a tax credit for hydrogen energy whose construction starts after this year, while Democrats would have had the credit apply for facilities whose construction begins before 2033. After this year, tax credits for EV chargers, home energy efficiency updates and home renewable energy like rooftop solar are also axed. Read more at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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Political leaders at the Environmental Protection Agency (EPA) have told scientists there to apply to new jobs, implying that those who do not may be fired, according to an official with a union representing the agency's employees. |
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The House Energy and Commerce Committee's text for Republicans' "big, beautiful bill" to advance President Trump's agenda and fund the government slashes a number of green programs and regulations — and seeks to bolster fossil fuels. |
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The dismissal of acting Federal Emergency Management Agency head Cameron Hamilton plunges an already fraught agency into deeper uncertainty. | | |
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The Energy Department has announced proposals to cut dozens of energy efficiency and other rules in what it is describing as the "'largest deregulatory effort in history." |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Upcoming news themes and events we're watching: |
- The House Energy and Commerce Committee will hold a markup of its reconciliation bill text.
- The House Ways and Means Committee will hold a markup of its reconciliation bill text
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Two key stories on The Hill right now: |
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The House Ways and Means Committee on Monday released a fuller version of its part of Republicans’ bill full of President Trump's legislative priorities, kicking off what is expected to be a showdown over the tax provisions in the sprawling measure. Read more |
| Democratic senators are having private conversations about how to help Sen. John Fetterman (D-Pa.) in the wake of an explosive report that the first-term Pennsylvania senator is behaving erratically and in a way that may pose a danger to himself or others, according to sources familiar with those discussions. Read more |
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You're all caught up. See you tomorrow! |
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