How can you be a world leader when you are a laggard in the hottest, most important industries of the future? How can you attract the best people and businesses to the US when you have flip-flopping policies that kill incentives for these critical industries just a few years after enacting them?
If a company can cost effectively make battery-grade lithium, batteries, EVs, and solar panels in the US and make a profit selling them, they are going to do that. If their business plan is sabotaged by an anti-progress administration full of goons and corrupt cronies, are they even going to consider coming back here after shutting down shop, construction jobs, or even early-stage plans? - CleanTechnica
Showing posts with label IRA repeal. Show all posts
Showing posts with label IRA repeal. Show all posts
Saturday, May 24, 2025
Stopping IRA subsidies is incredibly foolish in many ways
This is a really good presentation of those ways.
Wednesday, March 26, 2025
Repealing the IRA will cost Americans plenty
I'm not even going to try to predict how much "repeal" is or isn't likely, at this time. But even the fact that so much spending is being hindered is a big problem.
The Trump administration insists that renewables are making energy more expensive and that more fossil-fueled power will reduce utility bills. But those claims are false — and if congressional Republicans succeed in repealing key tax credits supporting the growth of clean energy, Americans will suffer the consequences in higher electric bills.
So finds a report released Thursday by think tank Energy Innovation warning lawmakers of the costs of repealing the clean-energy tax credits created by the 2022 Inflation Reduction Act, the Biden administration’s signature climate law.
The fate of those tax credits remains highly uncertain. Some Republican lawmakers have voiced support for keeping them in place, but others have criticized the incentives, which could channel hundreds of billions of dollars to solar and wind power, batteries, electric vehicles, and other carbon-free technologies over the next decade. President Donald Trump has also vowed to repeal the IRA. - Canary Media
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