We’ve covered how Republicans in Congress and Donald Trump have killed key electric vehicle (EV) and solar subsidies that were put in place in 2022 via the Inflation Reduction Act. Removing these incentives, the electric vehicle and solar industries in the United States are likely to see their growth slow down, with the US falling further behind Europe and China as a result. However …
… it crossed my mind while listening to a webinar about how the solar tax credit will be phased out that these policy changes could end up leading to faster growth in these sectors. Let me explain. And note that there is one critical thing that has to happen down the road in order for this to make the most sense.
In the case of solar power, projects that will be put in place in 2025 will still qualify for the investment tax credit. So, without a doubt, there’s going to be a rush of projects getting installed or at least making…
