What Trump Means for the Future of Heat Pump and EV Incentives - Bloomberg

The president-elect has threatened to rescind the Inflation Reduction Act, but that may prove politically and legally challenging for home decarbonization tax credits and rebates.

President-Elect Donald Trump, pictured with campaign co-managers Chris LaCivita and Susie Wiles, has expressed hostility to the Biden administration’s climate law, but parts of it are proving politically popular.

If you’re thinking of buying an electric car or an energy-saving heat pump eligible for federal tax credits and rebates, now might be the time.

President-Elect Donald Trump has labeled the US Inflation Reduction Act the “green new scam.” He’s pledged to rescind funding for the Biden administration’s signature 2022 climate law, which includes more than $8.5 billion in incentives for individuals and families to decarbonize their lives.