Slight changes to the big budget bill left the factory’s tax credits intact, according to the carmaker, which will use the batteries to make more affordable electric vehicles.
The sprawling bill would boost fossil fuels and end tax credits for wind, solar power and electric vehicles.
Here’s a rundown on the winners and losers in the legislation muscled through Congress.
The Republican legislation muscled through Congress will reshape American’s energy landscape. Here’s a rundown on the winners and losers.
Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.
A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.
Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits.
In Cedartown, Ga., a solar recycling company’s plan to hire 1,200 people could be upended by Republicans in Congress.
Senate Republicans understand that energy abundance is essential for the economy, national security and the country’s well-being. Now they must act.
Domestic factories that make batteries to store power to meet America’s rising energy demand depend on Chinese components and federal subsidies.