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Politics

Donald Trump.
Politics

The Trump Fact Check

Not all of it is wrong!

Politics

The Most At-Risk Projects of the Energy Transition

These are the 10 most important clean energy transition projects struggling to get off the ground

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Speaking Republican.

Clean Energy Companies Are Learning How to Speak Republican

“If you’re a Republican with energy expertise, yeah, your stock is fairly high right now.”

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Electric Vehicles

How Trump Could Kill Tesla’s Secret Profit Center

California’s Clean Air Act waiver may not be long for this world.

Elon Musk and Donald Trump.
<p>Heatmap Illustration/Getty Images, Library of Congress</p>

Nobody quite knows where Donald Trump stands on electric vehicles these days. While he’s reportedly coming for the $7,500 consumer EV tax credit and previously characterized the switch to EVs as a “transition to hell,” once Elon Musk threw his support behind Trump, the once and future president’s rhetoric has softened. But if past is prologue, Trump’s policies could still hammer one of Tesla’s primary income sources: the emissions compliance credits the EV giant sells to other automakers.

That windfall comes from California’s Zero-Emission Vehicle Program, which sets ambitious ZEV production and sales mandates that other states can then voluntarily adopt. Automakers earn credits based on the number and type of ZEVs they produce; they can either put those credits toward meeting their annual targets under the law or, if they have an excess, sell them. Since Tesla is a pure-play EV company, it has always generated more credits than it needs, while most other automakers need to buy credits to meet their emissions targets. Last year, selling credits represented about 12% of Tesla’s net income, and so far this year, it comprises a whopping 43%.

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Climate

AM Briefing: Trump’s Transportation Pick

On Cabinet nominations, COP29, and superconductor scandals

Trump Taps Sean Duffy for Transportation Secretary
<p>Heatmap Illustration/Getty Images</p>

Current conditions: Ecuador has declared a 60-day state of emergency to battle wildfires • Londoners were treated to rare snow flurries this morning • Storm Sara, having caused deadly flooding in Honduras, is set to drench the Gulf Coast.

THE TOP FIVE

1. West Coast to get soaked while East Coast remains parched

The first atmospheric river of the season will slam into the Pacific Northwest this week, bringing heavy rain, strong winds, mountain snow, and possibly major flooding to California and Oregon. A foot of rain or more could fall in Northern California between today and Friday, triggering landslides and bringing “life-threatening impacts” to the 400,000 acres or so left scorched by this summer’s Park Fire. Along the coast, wind gusts could reach 90 mph.

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