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News in English (USA) / 13.05.2025 / 05:00

US House Republicans Target Clean Energy Initiatives in Budget Proposal

The Republican-controlled House is pushing a budget proposal that aims to roll back significant climate and clean energy policies. Key elements under threat include the elimination of the $7,500 EV tax credit, a phase-out of green energy credits, and cuts to various clean energy incentives. This initiative could jeopardize jobs and projects linked to the Inflation Reduction Act (IRA), with lawmakers warning that such measures would raise costs for consumers. Advocates are urging Congress to protect existing clean energy jobs and tax incentives, as the battle over energy funding intensifies amidst warnings that the proposed changes could threaten the growth of the renewable energy sector.
Reuters, WSJ, "Barrons", Utility Dive, Financial Times, Axios, Heatmap News, AP News, The Hill, EnergySage