On October 2nd, the Trump Administration announced the termination of 321 awards, claiming to achieve $7.5 billion in savings from clean energy projects. In reality, many of these awards were already past their end date and the money had already been spent. However, the cuts still amount to nearly $5 billion.
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On October 2nd, the Trump Administration announced the termination of 321 awards, claiming to achieve $7.5 billion in savings from clean energy projects. In reality, many of these awards were already past their end date and the money had already been spent. However, the cuts still amount to nearly $5 billion.
At the end of September, the $7,500 federal tax credit for purchases of new electric cars and the $3,000 credit for used electric cars were discontinued, as a result of the so-called One Big Beautiful Bill Act that has undone multiple clean energy policies. Because of this, forecasts for EV sales over the next several years have been cut in half compared to what they were a year ago.
Earth Wise
On October 2nd, the Trump Administration announced the termination of 321 awards, claiming to achieve $7.5 billion in savings from clean energy projects. In reality, many of these awards were already past their end date and the money had already been spent. However, the cuts still amount to nearly $5 billion.
