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submitted 2 weeks ago* (last edited 2 weeks ago) by silence7@slrpnk.net to c/climate@slrpnk.net

Sorry about a hard paywall, but not much else on this yet.

Key parts:

  • The text proposes ending the tax credit for new EVs (that is, 30D) on December 31, 2025 — with one exception. The credit would remain in effect for one year, through the end of 2026, for vehicles produced by automakers that have sold fewer than 200,000 tax credit-qualified cars between 2010 and the end of this year.
  • The GOP has proposed an early phase-out of the technology-neutral production and investment tax credits, which subsidize zero-emissions power generation projects including wind, solar, energy storage, advanced nuclear, and geothermal. It also proposed significant changes for the years they remain in effect.
  • The proposal would get rid of transferability across all of the clean energy tax credits beginning in 2028.
  • The draft text would also terminate the clean manufacturing credit (45X) in 2032 — one year earlier than under existing law.
  • The text proposes repealing three tax credits for residential energy efficiency improvements at the end of 2025.
  • Clean hydrogen canceled
  • Carbon capture largely unchanged
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[-] PunnyName@lemmy.world 9 points 2 weeks ago

Seems like it's specifically intended to help out Mush and his failing line of shit cars.

[-] Bort@hilariouschaos.com 5 points 2 weeks ago

So IRA isn’t specifically mentioned anywhere in this article. This seems more about EV tax credits than retirement accounts. What am I missing?

[-] subterfuge@lemmy.world 8 points 2 weeks ago

I was having trouble with the same. In this context, IRA refers to “Inflation reduction act”

[-] Bort@hilariouschaos.com 1 points 2 weeks ago
this post was submitted on 12 May 2025
50 points (98.1% liked)

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