Congress Just Took A Sledgehammer To The EV Industry. Here's What It Means
Briefly

Recent actions by the U.S. Congress threaten the future of clean energy, particularly electric vehicles (EVs). The House voted to eliminate the tax credits under the Inflation Reduction Act for purchasing EVs and related infrastructure. The Senate followed by revoking California's ability to set strict emissions standards. Advocates warn that these measures could cede U.S. EV and clean-energy leadership to countries such as China, currently ahead in EV production and battery technologies. The proposed legislation could increase ownership costs for EVs, complicating the shift towards a cleaner energy future.
The new legislation being pushed through Congress could critically undermine the electric vehicle market in the U.S., reverting progress made under the Inflation Reduction Act.
With these measures, the current congressional agenda risks handing over the clean energy sector to countries like China, which lead in EV and battery technologies.
Read at InsideEVs
[
|
]