The big beautiful bill pushed by President Trump and set to be voted on Thursday in the U.S. House includes a number of green energy rollbacks implemented by the Biden administration.
It is anticipated to be a close vote as Republicans have only slim control of the House. If it passes, among those climate change-related policies of the Biden administration that would be eliminated is the $7,500 tax credit for electric vehicles.
The tax credit removal already has the support of Oklahoma’s congressional delegation including U.S. Sen. James Lankford who co-sponsored the February introduction of a bill called ELITE or Eliminating Lavish Incentives to Electric Vehicles Act introduced in February. It proposes the elimination of the tax credit for purchasing used EVs, wipes out the federal investment tax credit for electric vehicle charging stations, and closes the “leasing loophole” that has allowed certain taxpayers and foreign entities to evade restrictions on EV incentives. It also stops China from exploiting loopholes and circumventing guardrails to access U.S. tax credits associated with electric vehicles.
There are other green plans that could be removed under the bill set to go before the House on Thursday, including some grant and loan programs at the Energy Department and the Environmental Protection Agency. Other targets of the GOP led House are delay of methane fees for oil and gas companies and the repeal of more rules that support the growth of electric vehicles. The bill would also accelerate permitting for fossil fuel projects.
House Speaker Mike Johnson has said it is his intention to pass the bill before Memorial Day.