House Republicans are proposing to scrap electric vehicle tax credits and other clean energy incentives, according to legislation released Monday by the Ways and Means Committee.
The panel is looking to vote on its portion of the Republicans’ megabill Tuesday even though some thorny issues remain unresolved, namely changes to state and local tax deductions.
Beyond EV incentives, the legislation would terminate other programs tied to the Democrats’ 2022 climate law, like home energy efficiency and clean hydrogen production credits.
House Republicans would phase out the Inflation Reduction Act’s popular Advanced Manufacturing Production Credit by 2031 and would add new domestic sourcing requirements. The nuclear power production incentive would also go away by 2031.
The legislation — dubbed ‘‘THE ONE, BIG, BEAUTIFUL BILL,” as President Donald Trump has called it — includes a $4 trillion debt ceiling increase.
