Latest news with #ElectrificationCoalition
Politico
5 days ago
- Automotive
- Politico
Where EVs go after the megabill
Now that President Donald Trump and congressional Republicans have slammed the door on federal support for electric vehicles, EV advocates face a tough question. 'Where do we go?' said Joel Levin, the executive director of nonprofit Plug In America. Interest groups could still advance the EV cause, though none have Uncle Sam's unique power to tax and spend. States, cities, electric utilities, private companies and automakers all have their own reasons to want EVs to succeed. 'We're going to be looking for those little openings where we see interest and opportunity,' said Anne Blair, the head of policy for the nonprofit Electrification Coalition. They may find a blueprint in how climate and clean energy groups responded the first time Trump took office. The federal government's withdrawal from climate goals spurred the creation of the U.S. Climate Alliance, a coalition of states that sought to retain the nation's commitments to reduce greenhouse gases, as well as Drive EV Fleets, a collective of local government agencies that promote EVs as fleet vehicles. Since then, EVs have risen from bit player to a centerpiece of presidential politics — with former President Joe Biden making EV support a key plank of his agenda, and then Trump vowing in last year's election to tear that project down. 'The wind in both directions is much stronger than it was then,' Levin said. More at stake: With EVs now firmly established, more entities have a stake in the outcome. The liberal states that kept the EV flame alive during the first Trump administration are reconstituting themselves and could — just maybe — see their ranks grow with states that have significant battery and EV factory investments, such as Nevada, Georgia, North Carolina and South Carolina. Automakers may also pick up the torch. When Trump last left office, General Motors had exactly one EV model, the Chevy Bolt. The company now has at least nine models and, according to Cox Automotive, has doubled its EV sales in the last year, making it a firm second in the U.S. market behind Tesla. Furthermore, it is achingly apparent to U.S. automakers that they are going to be squeezed out of global markets if they don't seriously compete with China on EVs. 'That may be what it takes' to get carmakers to supersize EV sales on their home turf, said Albert Gore, the executive director of the Zero Emission Transportation Association, an EV trade group. California remains a beacon. After Congress in May killed the state's effort to phase out sales of new gasoline cars by 2035, Democratic Gov. Gavin Newsom ordered regulators to try again. In general, this year's stinging losses have persuaded EV advocates they need to expand well beyond the climate argument to persuade Republicans and doubtful consumers that EVs are the future. 'It is just a transportation solution that allows us to get from point A to point B better, cheaper and cleaner,' said Stan Cross, the electric transportation director at the Southern Alliance for Clean Energy. 'It is not a political hot potato.' It's Tuesday — thank you for tuning in to POLITICO's Power Switch. I'm your host, David Ferris. Power Switch is brought to you by the journalists behind E&E News and POLITICO Energy. Send your tips, comments, questions to dferris@ Today in POLITICO Energy's podcast: Gloria Gonzalez breaks down why Congress is getting behind nuclear energy. Power Centers Trump in PittsburghTrump, members of his Cabinet, Pennsylvania Sen. Dave McCormick (R) and a slew of tech executives and investors were in Pittsburgh on Tuesday to showcase their commitment to Pennsylvania. Google announced a plan to spend $25 billion on energy and AI infrastructure across the regional power grid serving Pennsylvania and much of the mid-Atlantic region. As part of that announcement, Google said it would spend $3 billion to revive two hydropower plants in the state. Trump arrived in the midafternoon to Carnegie Mellon University for the tightly choreographed conference organized through McCormick's office. Speakers made the case that Pennsylvania's prolific Marcellus natural gas formation and the nuclear power industry could power data centers. In total, Trump said more than $50 billion in energy investments would be announced. A nuclear milestone approachesA mothballed nuclear power plant in Michigan is on the verge of restarting — the first shuttered commercial reactor in the U.S. to do so as the energy source gets a surge of support, Francisco 'A.J.' Camacho and Daviel Schulman write. The Palisades nuclear generating station in Covert Township got a $1.5 billion loan guarantee from the Biden administration, and disbursements have continued under Trump ahead of the plant's October restart. 'We've got two administrations with very different philosophies on energy, both saying this makes sense to move ahead with bringing Palisades back,' said Rep. Bill Huizenga (R-Mich.), who represents Covert's congressional district. Climate suit looks to terror caseA climate lawsuit against an oil and gas company is invoking a Supreme Court decision that allows Americans injured by terrorism acts to sue Palestinian groups, Lesley Clark writes. The justice's ruling centered on personal jurisdiction, a legal technicality that's used to determine a court's jurisdiction. Lawyers for Puerto Rico are urging a judge to adopt a similarly broad standard in their case. More cuts to EPAHouse Appropriations subcommittees approved three fiscal 2026 bills Tuesday with significant cuts to energy, environment and climate initiatives. The House Appropriations Interior-Environment Subcommittee passed its bill on a party-line 8-5 vote. The legislation would slash funding for the Interior Department, Environmental Protection Agency and other environmental agencies, though not as deeply as proposed by the White House, Kevin Bogardus, Daniel Cusick and Manuel Quiñones report. Democrats decried its cuts to EPA's efforts to combat climate change. The agency would receive $7 billion in fiscal 2026, a 23 percent drop. In Other News Solar setback: A program that helped rural farmers install solar and make efficiency upgrades has faced troubles in the Trump administration. Another exit: Troy Jones, Tesla's top sales executive in North America, has left the company after 15 years. Hold steady: OPEC did not change its oil demand forecast because it expects global trade tensions to ease. Subscriber Zone A showcase of some of our best subscriber content. AI is showing promise as a tool for weather forecasting, but federal cuts could slow its ability to predict storms like the deadly floods in Texas. EPA asked Maryland to fix an error it found in its application for an offshore wind project. ConocoPhillips asks to drill more wells in Alaska. That's it for today, folks! Thanks for reading.
Yahoo
05-07-2025
- Automotive
- Yahoo
Thinking of buying an EV? Your tax credit window is closing
Buying or leasing an electric vehicle (EV) will no longer come with a federal tax credit. Psychologists now know exactly what makes someone cool. Turns out, the definitions are universal 3% mortgage rates aren't dead—housing market sees 127% increase in buyers taking over old loans There's a reason your Sam's Club rotisserie chicken looks different On Thursday, Congress approved legislation, which Trump has called the 'big, beautiful bill.' The bill will give tax breaks to corporations and cut spending on Medicaid by $1.2 trillion. After Trump signs it into law on the 4th of July, it also will end tax credits on buying or leasing EVs, effective Sept. 30. Since 2008, purchasing an electric vehicle has come with an incentive: a $7,500 federal tax credit for new vehicles. The incentive was expanded in 2022 to include up to $4,000 on used EVs. While EVs cost an average of $9,000 more than a gas-powered vehicle, not paying for gas means you'll eventually make up the cost. Plus, the environmental impacts are well-known. However, despite the benefits of EVs, the incentive, which helped boost American sales, will soon be a thing of the past. While the bill does away with the tax incentive, it also eliminates penalties for failing to meet Corporate Average Fuel Economy shortfalls, making it easier for automakers to build gas-powered vehicles. On Thursday, the Electrification Coalition, an EV advocacy group, said the bill will have negative impacts on the American EV market, giving other markets like China a competitive advantage. In a July 3 statement, it warned, that 'as EVs secure a growing share of the global automotive market, it is obvious that the future of transportation is electric; this bill forfeits America's role in that future to China.' And as other markets lean into the EV market, the U.S. is already lagging behind. Electrification Coalition Vice President of Policy Anne Blair echoed the same sentiment, saying, 'Without a competitive U.S. EV industry, we will remain dependent on volatile oil markets to power our vehicles and reliant on China for the critical minerals used in most advanced technologies. We are incredibly disappointed that Congress has made a choice to entrench these vulnerabilities.'Experts are predicting escalated sales leading up to the Sept. 30 deadline. Dan Levy, Barclays' auto analyst, wrote in a research note, that without the incentive sales will take a steep downturn. 'We believe the bill reiterates the slowdown ahead for EV penetration in the US, with both the 'carrot' (i.e. tax credits/incentives) and the 'stick' (i.e. emissions regulations) softened,' Levy said, per Reuters. One study from Harvard University projected that ending the incentive will save the U.S. government $129 billion in the next 10 years. However, it will reduce EV market penetration by 6% over the next five years. That downturn could have big environmental impacts like dirtier air and greater greenhouse gas emissions. This post originally appeared at to get the Fast Company newsletter:
Fast Company
04-07-2025
- Automotive
- Fast Company
Thinking of buying an EV? Your tax credit window is closing
Buying or leasing an electric vehicle (EV) will no longer come with a federal tax credit. On Thursday, Congress approved legislation, which Trump has called the 'big, beautiful bill.' The bill will give tax breaks to corporations and cut spending on Medicaid by $1.2 trillion. After Trump signs it into law on the 4th of July, it also will end tax credits on buying or leasing EVs, effective Sept. 30. Since 2008, purchasing an electric vehicle has come with an incentive: a $7,500 federal tax credit for new vehicles. The incentive was expanded in 2022 to include up to $4,000 on used EVs. While EVs cost an average of $9,000 more than a gas-powered vehicle, not paying for gas means you'll eventually make up the cost. Plus, the environmental impacts are well-known. However, despite the benefits of EVs, the incentive, which helped boost American sales, will soon be a thing of the past. While the bill does away with the tax incentive, it also eliminates penalties for failing to meet Corporate Average Fuel Economy shortfalls, making it easier for automakers to build gas-powered vehicles. On Thursday, the Electrification Coalition, an EV advocacy group, said the bill will have negative impacts on the American EV market, giving other markets like China a competitive advantage. In a July 3 statement, it warned, that 'as EVs secure a growing share of the global automotive market, it is obvious that the future of transportation is electric; this bill forfeits America's role in that future to China.' And as other markets lean into the EV market, the U.S. is already lagging behind. Electrification Coalition Vice President of Policy Anne Blair echoed the same sentiment, saying, 'Without a competitive U.S. EV industry, we will remain dependent on volatile oil markets to power our vehicles and reliant on China for the critical minerals used in most advanced technologies. We are incredibly disappointed that Congress has made a choice to entrench these vulnerabilities.' Experts are predicting escalated sales leading up to the Sept. 30 deadline. Dan Levy, Barclays' auto analyst, wrote in a research note, that without the incentive sales will take a steep downturn. 'We believe the bill reiterates the slowdown ahead for EV penetration in the US, with both the 'carrot' (i.e. tax credits/incentives) and the 'stick' (i.e. emissions regulations) softened,' Levy said, per Reuters. One study from Harvard University projected that ending the incentive will save the U.S. government $129 billion in the next 10 years. However, it will reduce EV market penetration by 6% over the next five years. That downturn could have big environmental impacts like dirtier air and greater greenhouse gas emissions.
Time of India
04-07-2025
- Automotive
- Time of India
US electric vehicle tax breaks will expire on Sept. 30
Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on September 30, as well as a $4,000 used EV credit, that have helped juice green vehicle sales in recent years. The Electrification Coalition, an EV advocacy group, said on Thursday "as EVs secure a growing share of the global automotive market, it is obvious that the future of transportation is electric; this bill forfeits America's role in that future to China." Congress first approved a $7,500 EV tax credit in 2008 that it phased out after manufacturers hit 200,000 vehicles. The credit was expanded in 2022 to cover leased vehicles and the per manufacturer cap was lifted. Separately, US automakers stand to receive significant benefits from the final bill that eliminates penalties for failing to meet Corporate Average Fuel Economy shortfalls. The measure makes it easier for automakers to build gas-powered vehicles. Barclays auto analyst Dan Levy said the tax credit phase-out in less than three months means EV sales will significantly jump via a "pre-buy" since some consumers will move up purchases planned for later with sharp declines in the months to follow. "We believe the bill reiterates the slowdown ahead for EV penetration in the US, with both the 'carrot' (i.e. tax credits/incentives) and the 'stick' (i.e. emissions regulations) softened," Levy wrote in a research note. A Harvard University study released in March forecast that ending the EV tax credits would reduce EV penetration by 6% by 2030 and would save the government $169 billion in EV tax credits over a decade. Last year, Chrysler parent Stellantis paid $190.7 million in civil penalties for failing to meet US fuel economy requirements for 2019 and 2020 after paying nearly $400 million for penalties from 2016 through 2019. GM previously paid $128.2 million in penalties for 2016 and 2017. In the final bill, Congress dropped a planned $250 annual fee for EVs to pay for road repairs, as well as a requirement that the US Postal Service sell off its EV delivery vehicles.>
Reuters
04-07-2025
- Automotive
- Reuters
US electric vehicle tax breaks will expire on Sept. 30
July 3 (Reuters) - It is the end of the line for U.S. electric vehicle tax credits. Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on September 30, as well as a $4,000 used EV credit, that have helped juice green vehicle sales in recent years. The Electrification Coalition, an EV advocacy group, said on Thursday "as EVs secure a growing share of the global automotive market, it is obvious that the future of transportation is electric; this bill forfeits America's role in that future to China." Congress first approved a $7,500 EV tax credit in 2008 that it phased out after manufacturers hit 200,000 vehicles. The credit was expanded in 2022 to cover leased vehicles and the per manufacturer cap was lifted. Separately, U.S. automakers stand to receive significant benefits from the final bill that eliminates penalties for failing to meet Corporate Average Fuel Economy shortfalls. The measure makes it easier for automakers to build gas-powered vehicles. Barclays auto analyst Dan Levy said the tax credit phase-out in less than three months means EV sales will significantly jump via a "pre-buy" since some consumers will move up purchases planned for later with sharp declines in the months to follow. "We believe the bill reiterates the slowdown ahead for EV penetration in the U.S., with both the 'carrot' (i.e. tax credits/incentives) and the 'stick' (i.e. emissions regulations) softened," Levy wrote in a research note. A Harvard University study released in March forecast that ending the EV tax credits would reduce EV penetration by 6% by 2030 and would save the government $169 billion in EV tax credits over a decade. Last year, Chrysler parent Stellantis ( opens new tab paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020 after paying nearly $400 million for penalties from 2016 through 2019. GM previously paid $128.2 million in penalties for 2016 and 2017. In the final bill, Congress dropped a planned $250 annual fee for EVs to pay for road repairs, as well as a requirement that the U.S. Postal Service sell off its EV delivery vehicles.
