Senate May Kill EV Tax Credits Early | JQJO

The Senate is considering ending electric vehicle (EV) tax credits sooner than anticipated, potentially by September 30th. This contrasts with the House bill's later deadlines. While the bill isn't finalized, the move has drawn criticism from EV advocates who see it as hindering US competitiveness. Conversely, groups like the American Energy Alliance support the change. Auto dealers, initially skeptical of EVs, are now lobbying to extend the credits, citing market disruption concerns. The Senate is also considering further cuts to renewable energy incentives and regulations.