Revenue Estimates for Repealing the Clean Vehicle Tax Credits

Revenue Estimates for Repealing the Clean Vehicle Tax Credits

The Institute for Energy Research (IER) has released a new report titled Revenue Estimates for Repealing the Clean Vehicle Tax Credits (30D, 25E, and 45W). The analysis was conducted by EY’s Quantitative Economics and Statistics team on behalf of IER. At the heart of this analysis is a growing concern over the soaring costs of the Inflation Reduction Act (IRA)—particularly its energy and electric vehicle subsidies. When the IRA was passed in 202…