US Senate Republicans Push Bill Curtailing Clean Energy Tax Credits, Raising Costs

President Donald Trump has declared there will be no electric vehicle (EV) mandate in the United States if he remains in office, signaling a rollback of current federal targets aimed at increasing EV sales and favoring a market-driven approach. This stance has sparked debate within the automotive industry, as major automakers and startups weigh the potential regulatory uncertainty and its impact on investment and consumer adoption. Concurrently, Trump's 'One Big, Beautiful Bill' Act, currently under Senate consideration, includes significant rollbacks of clean energy policies established under the Biden administration, such as phasing out tax credits for wind, solar, and advanced manufacturing by 2028, which critics warn could threaten over a million jobs and increase energy costs. Hardline conservatives in the GOP House have criticized last-minute Senate amendments that softened the phaseout of clean energy tax credits, complicating efforts to pass the bill by the July 4th deadline. These legislative efforts reflect a broader rollback of climate progress, with implications for the U.S. clean energy sector and global climate goals. Meanwhile, energy relief measures and pay rises are being implemented in Australia, showing contrasting global economic responses amid ongoing energy and environmental policy debates.