The One Big Beautiful Bill Upends Inflation Reduction Act Energy Initiatives
Both the House and Senate versions of the One Big Beautiful Bill Act (OBBBA), passed by the House on May 22, 2025, and the Senate on July 1, 2025, phase out tax credits for wind, solar, and electric vehicle (EV) projects, rolling back incentives established under the 2022 Inflation Reduction Act (IRA). This move has been criticized for potentially undermining the U.S. renewable energy industry and increasing electricity...