The Unbelievably Big Bad Bill Hurts IRA Incentives And Red States - CleanTechnica

The article discusses the significant negative impact of the proposed "One BIG Beautiful Bill Act" (OBBBA) on the clean energy incentives established by the Biden administration’s Inflation Reduction Act (IRA). The OBBBA, supported by former President Trump and the House Ways and Means Committee, aims to end tax credits for cleaner vehicles by 2025 and gradually eliminate incentives for wind, solar, and nuclear energy projects by 2032. This rollback threatens to derail the rapid growth of clean energy in the U.S., which saw a 47% increase in capacity in 2024, with solar and battery technologies leading the expansion. The article highlights that clean energy investments have created over 240,000 manufacturing jobs, with 78% of spending benefiting Republican-held suburban and rural districts. The rollback is linked to the Trump administration’s preferential treatment of oil and gas exploration and its suspension of clean energy development on federal lands. Since January, businesses have canceled or delayed more than $20 billion in clean energy