#inflation-reduction-act

#inflation-reduction-act

"What I see two years out is low-cost will once again drive demand in this market," says McDaniel, general manager of Bila Solar. He adds, "That's going to be a hard road for some of us who have [higher costs] than panels made over in China or Southeast Asia."

A major debate centers on clean energy credits from the 2022 Inflation Reduction Act, with House Republicans aiming to eliminate $522 billion in investments.

"House leadership was able to assuage some of those concerns when the draft of the bill showed that tax credits for biofuels would be preserved."

"The draft reconciliation bill released by House Republicans aims to dismantle key provisions of the Inflation Reduction Act, including the electric vehicle tax credit and carbon capture incentives."

"If this freeze continues, we will continue to lose trust, lose projects, and lose capacity to operate," said Beth Bafford, chief executive of Climate United.

The threat of tariffs over the global automotive industry is significant, especially with the potential removal of EV tax credits that support demand.

President Biden's Inflation Reduction Act faces criticism from within the current Justice Department, underscoring contradictions in supporting its price controls on drugs.

But a few weeks ago, when Meier tried to claim the EV tax credit, the IRS rejected her return. She'd done everything right but her dealer hadn't.

Kia's electric EV9, currently imported from Korea and reliant on critical minerals from China, faces production slowdowns due to upcoming stricter U.S. battery sourcing regulations under the Inflation Reduction Act, effective in 2025.