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Trump, Republicans Axe EV and Solar Subsidies, Threatening Growth

7/14/2025

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Trump Scraps Subsidies
  • Republicans in Congress and Donald Trump have scrapped vital electric vehicle and solar subsidies from the Inflation Reduction Act, threatening to stall U.S. industry growth. This move could spark a last-minute rush for EVs and solar projects before the phaseout, with hopes for subsidy revival hinging on a Democratic comeback in politics.
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