Last night, voting in the dead of night, offering little opportunity for bipartisan discussion and despite the public opposing the plan by nearly a 2:1 margin, the Republican party passed their bill which raises taxes on the middle class and will add $1.5 trillion to the deficit through the US Senate, paving the way for the bill to become law.
Despite initial confusion, the version of the bill passed in the Senate looks like it does keep the $7,500 EV credit intact. Originally we weren’t sure whether the version passed did maintain the credit, given that the 479-page bill was revealed just hours before the vote, and it’s full of illegible scribbles in the margins. But the House version of the bill eliminates the credit, and either version could prevail as the differences are worked out between the two (call your representative if you have thoughts on that).
What the bill certainly does keep intact, though, is the US’ portion of the massive ~$5 trillion yearly global subsidy which fossil fuels benefit from in the form of unpriced externalities. There’s a solution to this, and this solution has even been proposed by many high-profile Republicans.