The final version of the tax and spending bill recently passed by House Republicans—referred as the “One Big, Beautiful Bill” (OBBB)—delivers a significant blow to the U.S. green industry. According to Bloomberg NEF, at least $150 billion in subsidies for solar, battery, and electric vehicle (EV) manufacturing between 2025 and 2032 are now at risk of being rescinded.

The recent tariffs imposed on the automotive sector will not protect or strengthen the U.S. auto industry as claimed by the White House. Instead, they will harm the industry’s development, increase carbon dioxide emissions, worsen air quality, and potentially eliminate automotive jobs.