Congress’s Megabill Would Raise Energy Costs, Strain Electric Grid
A newly passed Senate bill would end key federal tax credits and programs supporting energy efficiency and clean vehicles, raising energy costs for households and businesses while slowing the transition to cleaner technologies. The legislation would eliminate credits for home upgrades, efficient buildings, electric vehicles and EV chargers, while also cutting funds for major climate and energy programs established under the Inflation Reduction Act. Critics warn the move will strain the power grid and increase pollution.
