In the blog I sent shortly after the election I mentioned several reasons to not despair about the incoming Trump Administration.
I mentioned that there would be Republican or Business support for continuing to implement the IRA, the EV $7,500 credit and to NOT “Drill Baby Drill”. Since then there have been several articles supporting what I said.
Below is a sample of these articles. As usual, click on the link to read the full article if you’re interested.
After those I’m going to focus on developments in the auto industry.
So here we go!
From E&E News
Lobbyists Urge Republicans to Save Green Subsidies
Advocates have met with GOP lawmakers in recent weeks to make the case that clean energy tax credits are worth salvaging.
11/12/2024
From Reuters
US Utilities Want Trump, Republicans to Save IRA Tax Credits, Edison CEO Says
November 21, 2024
- Utilities lobby for preserving clean energy and EV tax credits
- Trump plans to eliminate $7,500 EV tax credit
- EEI members emphasize IRA benefits for growth and consumers
From E&E News
Auto Industry asks Trump to Keep EV Tax Credits
Previously, it was unclear how forcefully the industry would advocate for tax incentives under the Inflation Reduction Act.
11/25/2024
E&E News
Auto trade group to GOP tax writers: Keep Biden’s EV credits
The Alliance for Automotive Innovation argued that incentives in the Inflation Reduction Act are key to maintaining a “globally competitive American auto industry” amid China’s growing dominance of the market
11/14/2024
The trade group representing major automakers urged GOP tax writers last month to preserve the full suite of tax credits for electric vehicles in Democrats’ climate law — a signal that Republicans are likely to face industry opposition as they prepare to roll back the EV incentives.
From the Wall Street Journal
https://www.wsj.com/business/energy-oil/trump-oil-gas-policy-drilling-donors-3438e99e
Trump’s Oil and Gas Donors Don’t Really Want to ‘Drill, Baby, Drill’
Fossil-fuel tycoons helped return the president-elect to Washington. Now, they are seeking to lock in use of their products for years to come
Nov. 22, 2024
Here’s some things going on in the automotive industry showing rapidly and continuing progress on the relentless road to the inevitable transition to an all electric driving future.
From Automotive News
Solid-State Batteries are Getting Closer to Market
Solid-state batteries, a promising technology never quite ready for commercialization, finally look like they are getting closer to reality.
11/23/2024
From E&E News
US Could Make Cheaper Batteries than China by 2030 — Report
A new analysis predicts that the climate law’s tax credits — if they survive the Trump administration — will drive down the cost of American-made battery cells.
11/11/2024
From Noahopinion
EVs are just going to win
Because they’re a superior technology, and superior technologies win.
OCT 20, 2024
the writing is on the wall. The phenomenon of a superior technology displacing an older, inferior technology is not uncommon, and it generally looks like the EV transition is looking now. When a new technology passes a 5% adoption rate, it almost never turns out to be inferior to what came before; with EVs, that threshold has now been reached in dozens of countries.
