No shit

[ny_quant]

Musk, Tesla blast GOP plans to end clean energy tax credits in megabill

“Abruptly ending the energy tax credits would threaten America’s energy independence and the reliability of our grid,” Tesla Energy, the company’s solar and battery division, wrote on X.

The House-passed reconciliation package would repeal the Inflation Reduction Act’s residential solar credit at the end of the year and rapidly phase down the clean electricity investment credit for all forms of generation except nuclear, disqualifying all but a few shovel-ready projects.

The bill would also terminate most credits for electric vehicles at the end of the year, disqualifying Teslas from a $7,500 incentive at a time when the company is experiencing declining sales and backlash linked to Musk’s actions to gut the federal workforce.