According to Reuters, on June 28, the US Senate is urgently pushing forward the revision of the "Big and American" tax and spending bill.
It is understood that the new bill will immediately terminate the solar and wind tax credit policy implemented since 2005. At the same time, if wind and solar projects are completed after December 31, 2027, but can not prove that no Chinese components are used, the new tax will also be levied. In
sharp contrast, the bill would provide new tax breaks for the coal industry.
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for this, Former Trump adviser and Tesla CEO Elon Musk severely criticized the bill on social media on June 28, warning that it would " destroy millions of jobs in the United States" and cause "strategic harm". He stressed that the bill was " totally crazy and destructive , providing subsidies to the past industry, but seriously damaging the future industry".
Earlier, on June 17, the U.S. Senate proposed phasing out subsidies for solar and wind energy in the Biden Administration's Inflation Reduction Act of 2022. The original plan was to reduce the subsidy to 60% of its current value in 2026 and eliminate it completely by 2028. (For more information, please click .
In addition, the US Senate will eliminate tax credits for the purchase of electric vehicle after September.
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