Senate Republicans have expressed concerns over the House GOP’s proposed cuts to energy tax credits, arguing that these measures may not be effective. The discussions revolve around the potential impact on the Inflation Reduction Act (IRA) and its clean energy initiatives. First Solar’s stock has seen a significant rise, indicating that the Republican bill might not be as detrimental as initially feared. Meanwhile, US House Republicans are pushing to eliminate the electric vehicle (EV) tax credit and loan programs. This move is part of a broader budgetary strategy aimed at curtailing certain clean energy incentives.
— new from Politico