GOP Move To Slash EV Tax Credits, Challenge Biden’s Green Subsidies
by Maydeen Merino Feb 7, 2025
Republicans are eager to slash electric vehicle tax credits even as they struggle to coalesce around a strategy for a major tax and spending bill. [emphasis, links added]
The EV credit tops the list of green subsidies enacted via the 2022 Inflation Reduction Act (IRA), signed by former President Joe Biden, which Republicans are looking to ax through reconciliation, a budget process that allows bills to bypass the filibuster and pass with only a simple majority in the Senate.
GOP lawmakers “will repeal a lot” of the EV tax credits, Rep. Michael Rulli (R-OH) told the Washington Examiner.
“Originally, when we looked at it, I think it was a really interesting way of looking at the future,” Rulli said. “But I think the market always dictates what’s going to be bought. And if the market’s not dictating EVs, we have to go back to combustion.”
https://climatechangedispatch.com/gop-move-to-slash-ev-tax-credits-challenge-bidens-green-subsidies/
