The so-called “big and beautiful bill” has passed many nasty American technology and manufacturing industries. In addition to swinging the sword under basic environmental protection measures, the bill also puts its thumb in the eyes of the electric vehicle industry. Tim Stevens takes you to see the most prominent changes, such as the end of the upcoming electric vehicle tax credit. Joining a bonfire is a second-hand EV incentive, as well as a kickback for buying commercial electric vehicles.
Similarly, for all discussions about the current administration bringing manufacturing back to the United States, the bill is the middle index of domestic solar companies. The U.S. is the only competitor to China’s competitors on solar panels, but the bill cuts the knees of these businesses. I talked to people inside the U.S. solar industry, and they knew that despite any tariffs, the bill opened the door to a large number of cheap, Chinese-made solar panels to usurp their U.S. competitors.
Earlier versions of the bill also contain fighting spirits that can only be described as weird. It has previously proposed an EV tax of $250 per year ($100 for Hybrid owners) and a general tax on all wind and solar projects. Why? Cynical people may show that this is due to the bill being drafted to benefit fossil fuel companies, and in fact, everyone else.
In any case, hope you enjoy this holiday without spending money on electric cars and American-made solar panels. Although this is not actually a bad way to spend a long weekend.
– Dan Cooper
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