Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

Daily Briefing

Some Decent News for EVs, Finally

Plus, a look into the future of solar and wind tax credits.

•
Tesla and Rivian EVs.
Heatmap Illustration | Getty Images

Heatmap AM and Daily will be off tomorrow for the July 4 holiday, but we’ll see you back here on Monday.

We’re staring down the barrel of a holiday weekend here in the United States, so I’ll keep it quick. Two things:

1.

July 4 will mark the formal end of the solar and wind tax credits in the United States. These incentives — which date back in some form to 1978 — were repealed by President Trump’s tax cuts and spending law last year. In order to qualify for the last of these subsidies, solar and wind projects must “commence construction” by Saturday and be ready to generate power by the end of 2030. (Projects that start construction after that deadline can still claim the tax credits if they’re up and running by the end of next year, but that is a deadline few if any are likely to hit.)

Although the policies haven’t yet expired, there’s already chatter about bringing them back. Some Democrats want to revive the incentives should they win back Congress and the White House in two or six years. But 2029 or 2032 will likely look different than the earlier years of this decade, when the Inflation Reduction Act was written and passed: Power prices are higher now, the grid more congested, and the federal budget more constrained. So today, my colleague Emily Pontecorvo previews one of the next big questions in climate policy: Should Democrats try to bring back the solar and wind tax credits?

Her story is great, and one disconnect in particular stuck out to me. Among the climate and clean energy wonks Emily interviewed, “everyone” agreed that “in the near term, the most important thing Congress could do to help clean energy is break down some of the non-cost barriers to development through permitting reform.” Permitting reform, after all, has no fiscal cost and could be achieved during this Congress.

But Democratic lawmakers themselves sound far less sure about its importance. “I don’t think Democrats can engage in a serious way with Republicans on permitting reform,” Representative Jared Huffman, the ranking member on the House Natural Resources Committee, tells her. Read the rest of Emily’s story for more on how lawmakers are thinking about this question, which will only get more important as we get closer to ‘28.

Get Heatmap in your inbox daily.

2.

We’ve begun to get Q2 sales data for global automakers — and there’s actually decent news for electric vehicles. Some highlights:

  • Tesla’s sales soared last quarter, rising 25% compared to the same period last year. That seems largely due to strong sales in Europe, where Tesla’s aggressive loans and price cuts — as well as high fuel prices due to the Iran war — are driving a new surge in EV buying. Tesla also seems to be losing the Trump stink that kept Europeans away from its cars last year.
  • The automaker also announced a new vehicle today, the stretched three-row SUV Model Y L. Because investors see Tesla as an AI and robotics company, and because everything’s made up and the points don’t matter, Tesla’s share fell 8% on the news.
  • Rivian also says it will sell about 3,000 more EVs this year than it originally projected. The company only delivered about 42,000 cars last year, and it’s hustling to deliver the more affordable R2 later this year, so the bump is a meaningful one. The company’s stock rose about 8% on the news.
  • Hyundai’s Ioniq line also reported strong sales. Given that the end of the IRA’s tax credits for EVs was now almost a year ago, it’s possible we’re finally out of the EV doldrums and are watching the industry enter a new and more stable era. Or maybe not. We’ll see!

Enjoy your holiday weekend, and remember: We’re now in Q3. Thanks, as always, for reading.

Editor’s note: This story has been updated to correct and clarify the placed-in-service deadlines for solar and wind projects that start construction before and after July 4 of this year.

🔒

You’ve reached your free article limit

Subscribe to Heatmap News for unlimited access to daily energy and climate coverage.
To continue reading
Create a free account or sign in to unlock more free articles.
or
Please enter an email address
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
Daily Briefing

Rivian Rolls to a New Record Quarter

The global vehicle market is splitting into two — with just a few exception.

RIvian assembly.
Heatmap Illustration/Rivian

The past three months have been crucial for Rivian, America’s biggest all-electric car company not run by Elon Musk.

The California-based automaker debuted the R2, its long-awaited and somewhat more affordable sport utility vehicle. (Our reviewer gave it high marks.) Rivian also formally took out a nearly $6.6 billion loan from the Department of Energy to finance its new Georgia factory. And it finally unveiled the plans for that facility, which will include a rail tie-in and a 1,000-acre preserved woodland.

Keep reading...Show less
Blue
Politics

What a President Can and Can’t Do Under the Senate Permitting Bill

How the bill would have affected (or not affected) the Keystone XL pipeline, the Lava Ridge wind farm, and other major project proposals.

Joe Biden.
Heatmap Illustration/Getty Images

One of the non-negotiables for Senate Democrats in putting together a bipartisan permitting bill was to limit the president’s ability to reverse federal project approvals or otherwise gum up the works for developments they simply dislike. The authors’ goal was to prevent a situation like the one we’re in now, where Trump has revoked permits for wind farms, refused to permit new ones, and tried to stop construction of fully permitted offshore wind projects.

But the language on “project certainty” in the Bipartisan American Affordability and Jobs Act is technology neutral — it would protect fossil fuels as much as clean energy. While Trump has perhaps gone the furthest of any president in using the authorities of the executive branch to enact his preferences, his Democratic predecessors have taken similar steps to stop mines, pipelines, and oil and gas drilling — often in the name of stopping climate change.

Keep reading...Show less
Adaptation

The Booming Market for DIY Fire Protection

Can a kit you buy at the hardware store really save your home from a Palisades Fire-sized blaze?

Wildfire-proofing a house.
Heatmap Illustration/Getty Images

Nicholai Allen, a Southern California wildland firefighter, opened his Instagram DMs this summer to find a photo of a beautiful A-frame home set against a backdrop of mountains and pine forests. At first glance, it looked almost like an advertisement for a vacation rental. But the amazing thing about the picture was not the cozy mountain scene, but the fact that the house was still standing. “Very thankful this product works,” read the accompanying text. “Saved our house and all our outbuildings. Little Giant Fire.”

Allen is a firefighter — he was on the scene when the Pacific Palisades burned in 2025 — and a wildfire survivor, having evacuated his family from the deadly Woolsey Fire near Malibu in 2018. He’s also the founder of Safe Soss, a home-hardening company advertising a “three-step supplemental wildfire defense system,” which includes a carbon filter ember guard, ember tape, and the company’s marquee product: an ammonium phosphate-based wildfire risk-reduction spray. They’re all sold at Lowe’s, where you can get the whole kit for less than $200.

Keep reading...Show less
Yellow