New US Climate Deal Could Make EVs, Energy Bills Cheaper
Comment of the Day

July 29 2022

Commentary by Eoin Treacy

New US Climate Deal Could Make EVs, Energy Bills Cheaper

This article from Bloomberg may be of interest to subscribers. Here is a section:

“This bill is going to open up a lot of avenues for Americans to contribute to the fight against climate change on an individual level,” said Senator Sheldon Whitehouse, a Democrat from Rhode Island, in an emailed statement. “Through a mix of rebates for electric appliances and efficiency retrofits and tax credits for technologies like heat pumps … it’s going to become a lot more affordable to do your part.” 

Eoin Treacy's view

The prospect of hundreds of billions in support for renewable energy solutions is a clear positive for that sector. However, the big near-term challenge is nothing in this bill will incentivize companies to invest in additional new oil and gas supply.

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