Moderate Republicans are urging for revisions to the energy tax credit cuts included in the House GOP megabill. This move has been welcomed by companies like First Solar, whose stock has surged due to less severe impacts than initially feared. Meanwhile, concerns persist over the potential effects on major automakers such as General Motors and Ford due to the Republican bill’s proposal to eliminate the electric vehicle (E.V.) tax credit. Critics argue that Congress is taking a ‘sledgehammer approach’ in repealing clean energy tax credits. A last-ditch lobbying effort is underway to preserve President Biden’s clean-energy incentives.
— new from Politico