A Trump Win Puts $369 Billion in Clean Energy Incentives at Risk, BI Says
- EV tax credits could be on chopping block with Trump victory
- Full repeal of Inflation Reduction Act unlikely, BI says
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A November election win for Donald Trump will threaten $369 billion in US clean energy initiatives from the Biden administration’s landmark climate law, according to Bloomberg Intelligence.
The amount represents most of the $433 billion in grants, loans and tax incentives the Inflation Reduction Act would inject into health care, utilities and clean energy industries that would be at risk from a Trump victory, BI said Tuesday in a report.