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Electric Vehicles

Site of Idaho’s Lava Ridge Wind Project May Be Used for SMRs
Economy

AM Briefing: A Second Wind for Lava Ridge?

On a new plan for an old site, tariffs on Canada, and the Grain Belt Express

Electric Vehicles

Can EVs Relieve Our Need to Speed?

Electric vehicle batteries are more efficient at lower speeds — which, with electricity prices rising, could make us finally slow down.

Climate

AM Briefing: SCOTUS Greenlights Federal Firings

On federal layoffs, copper tariffs, and Texas flood costs

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Sparks

Trump Says He’s Going to Slap a Huge Tariff on Copper

“I believe the tariff on copper — we’re going to make it 50%.”

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The Big Beautiful Bill and clean energy.

Where Clean Energy Goes From Here

The One Big Beautiful Bill Act is one signature away from becoming law and drastically changing the economics of renewables development in the U.S. That doesn’t mean decarbonization is over, experts told Heatmap, but it certainly doesn’t help.

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House Republicans Are Already Divided on the Megabill

AM Briefing: The Megabill Goes to the House

On the budget debate, MethaneSAT’s untimely demise, and Nvidia

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Electric Vehicles

The Best Time to Buy an EV Is Probably Right Now

If the Senate reconciliation bill gets enacted as written, you’ve got about 92 days left to seal the deal.

A VW ID. Buzz.
<p>Heatmap Illustration/Getty Images</p>

If you were thinking about buying or leasing an electric vehicle at some point, you should probably get on it like, right now. Because while it is not guaranteed that the House will approve the budget reconciliation bill that cleared the Senate Tuesday, it is highly likely. Assuming the bill as it’s currently written becomes law, EV tax credits will be gone as of October 1.

The Senate bill guts the subsidies for consumer purchases of electric vehicles, a longstanding goal of the Trump administration. Specifically, it would scrap the 30D tax credit by September 30 of this year, a harsher cut-off than the version of the bill that passed the House, which would have axed the credit by the end of 2025 except for automakers that had sold fewer than 200,000 electric vehicles. The credit as it exists now is worth up to $7,500 for cars with an MSRP below $55,000 (and trucks and sports utility vehicles under $80,000), and, under the Inflation Reduction Act, would have lasted through the end of 2032. The Senate bill also axes the $4,000 used EV tax credit at the end of September.

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Senators.
<p>Heatmap Illustration/Getty Images</p>

After more than three days of stops and starts on the Senate floor, Congress’ upper chamber finally passed its version of Trump’s One Big Beautiful Bill Act Tuesday morning, sending the tax package back to the House in hopes of delivering it to Trump by the July 4 holiday, as promised.

An amendment brought by Senators Joni Ernst and Chuck Grassley of Iowa and Lisa Murkowski of Alaska that would have more gradually phased down the tax credits for wind and solar rather than abruptly cutting them off was never brought to the floor. Instead, Murkowski struck a deal with the Senate leadership designed to secure her vote that accomplished some of her other priorities, including funding for rural hospitals, while also killing an excise tax on renewables that had only just been stuffed into the bill over the weekend.

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