Congressional Bill Seeks Elimination of Georgia Federal EV Tax Credits, Threatening 26,000 Clean Energy Jobs

A proposed bill in the U.S. Congress threatens to eliminate or reduce Georgia's electric vehicle (EV) tax credits, potentially impacting the state's clean energy investments and job market. Georgia has attracted over $24 billion in clean energy investments, creating 26,000 jobs in EV and battery manufacturing, and has established training programs to support this workforce pipeline. The tax credits at risk include $7,500 for new EV purchases, a 30% credit for single items up to $100,000, $7,500 for commercial EVs, and $4,000 for used EVs, which have been crucial in driving consumer demand and supporting manufacturers like SK Battery. Local economies, such as the city of Commerce, fear that cuts in incentives could lead to layoffs and reduced production, potentially slowing economic growth and affecting housing prices. Experts emphasize that removing these credits could reduce EV sales by 27%, disrupting the momentum in clean energy development in Georgia. Meanwhile, broader discussions on phasing out EV tax breaks to address federal budget concerns are underway in other countries, signaling a potential shift in climate-related economic policies.