How the U.S. clean energy boom could go bust if Trump’s ‘big, beautiful bill’ becomes law
Solar power CEOs believed the billions of dollars that they invested in Republican congressional districts would ultimately shield their industry from President Donald Trump’s threats to end federal support for renewable energy.
But they may have been disastrously wrong. The tax bill that House Republicans passed this week is a “worse than feared scenario” for solar, analysts at the investment bank Jefferies told clients in a note.
The legislation would terminate key tax credits that have supported the industry’s growth, triggering a broad sell-off of solar stocks on Thursday. The bill does still have to pass the Senate, where Jefferies expects the “unworkable” provisions to be undone.
But in its current form, the tax bill effectively takes a “sledgehammer” to President Joe Biden’s Inflation Reduction Act, the Jefferies analysts said. The legislation would “upend an economic boom in this country that has delivered an historic American manufacturing renaissance,” said Abigail Ross Hopper, CEO of the lobby group Solar Energy Industries Association.
Hopper excoriated the tax bill as “willfully ignorant” of the role that solar power and battery storage is playing in meeting electricity demand from U.S. consumers and businesses.
“If this bill becomes law, America will effectively surrender the AI race to China and communities nationwide will face blackouts,” she warned.
Sunrun CEO Mary Powell told CNBC in an interview Thursday that the legislation could result in the loss of 250,000 jobs and would increase the cost of electricity for consumers. The rooftop solar installer had its worst performance ever Thursday, with shares dropping 37%.
Trump, for his part, called on the Senate to pass what he calls the “one, big, beautiful bill” as soon as possible. “There is no time to waste,” the president said on his social media platform Truth Social Thursday.
Clean energy boom could bust
Companies have invested more than $161 billion in large solar and battery storage projects since the IRA passed in 2022, according to the Massachusetts Institute of Technology and the Rhodium Group.
Solar and battery storage is the fastest growing energy source in the U.S., making up 81% of expected power additions to the grid in 2025, according to the Energy Information Administration.
But the tax bill would basically kill the two tax credits that have done the most to enable the surge of solar power. It terminates the investment and electricity production credits for clean energy facilities that begin construction 60 days after the legislation is enacted or enter service after 2028. This also applies to wind power, which is growing at slower place in the U.S.
“That’ll put a massive slowdown on the amount of clean energy that gets added to the grid,” said Ben Smith, associate director of Rhodium Group’s energy and climate practice. The deployment of clean energy to the grid could decline by 57% to 72% over the next decade, according to Rhodium.
Clean energy projects also cannot claim the tax credits as early as next year if they receive “material assistance” from prohibited foreign entities. This mostly targets projects that source basic materials from China, such as glass for solar panels or cobalt and lithium for batteries, King said.
“It really does serve in our estimation as a de facto repeal of the credit as early as next year,” he said. The manufacturing tax credit that has supported companies such as First Solar remains in place until 2031, though its also subject to the foreign entity restrictions.
The tax bill is “disastrous” for the rooftop solar industry, Guggenheim analyst Joseph Osha told clients. It terminates tax credits for companies like Sunrun that lease solar equipment to customers. About 70% of the residential solar industry is using lease arrangements, Osha said.
GOP senators could tweak bill
But some Republican senators have pushed back on the legislation, raising at least some hope for the industry that the bill’s harshest provisions will be softened. Sen. Shelley Moore Capito, R-W.V., told Politico that the tax bill acts like a blanket repeal of the tax credits.
“I would expect that to change,” Capito told Politico on May 13. “There has been job creation around these tax credits.”
Indeed, GOP congressional districts would get hit the hardest if the credits are terminated. Some 81% of IRA investment has gone to Republican districts, according to data from advocacy group E2.
A slowdown in solar deployment would come at the same time that electricity demand is increasing due to the construction of artificial intelligence data centers, reindustrialization and the broader electrification of the economy.
Renewables can be deployed the most quickly to meet demand right now because solar, battery storage and wind represent 92% of the power projects waiting for connection to the grid, according to Interconnection.fyi, an organization that tracks connection requests.
Natural gas demand is also soaring in the U.S., but the wait time for new turbines is five to six years if an order is put in now, said Reid Ramdathsingh, an analyst at consulting firm Rystad Energy. While growth may slow, solar and batteries will continue to be deployed because there really isn’t an alternative, Ramdathsingh said.
“The demand is there for energy,” he said. “Gas is not able to meet this demand in the short term. The biggest alternative to that gas generation that we would need in the next couple of years is renewables.”
Global mining and construction equipment giant Liebherr recently rolled out its first-ever battery electric crawler excavator, setting a new standard in heavy earth-moving equipment capabilities with low noise levels and zero local emissions.
Liebherr has made headlines in the sustainability space with its massive electric haul trucks and stupefyingly quick 6MW cryo-cooled DC fast chargers, but its conventional mid-sized equipment lines haven’t electrified as quickly, leaning instead on hydrogen combustion and fuel cell efforts. That seems to be changing, however, with the launch of the 20-ton R 920 G8-E – the brand’s first-ever factory fresh HDEV.
The company’s official copy is characteristically low-key, with an emphasis on the facts and features instead of hype:
The new model completes the product range of Liebherr crawler excavators produced in Colmar (France). It is particularly quiet and emission-free. It generates the same output as a diesel machine in the same category and is particularly suitable for building sites that require low noise levels and avoiding exhaust gas emissions, such as in cities or underground operating locations.
Despite the lack of excitement in the release copy, there is a lot of excitement about the R 920 G8-E’s innovative new control cab philosophy.
Liebherr INTUSI controls
Dubbed INTUSI (for INTuitive USer Interface), the system integrates intelligent control logic with advanced machine learning capabilities to give operators a highly customizable interface that can follow them from asset to asset, from wheel loader to excavator to haul truck, dramatically flattening the learning curve for operators on a given job site.
Liebherr says INTUSI improves both operational efficiency and user comfort on Liebherr job sites through the integration of a number of new features. From the press release:
- Haptic feedback – vibrations alert the operator to critical conditions—such as reaching dynamic device limits—enhancing situational awareness and speeding up reaction times.
- Optical feedback – integrated RGB LEDs on the joystick provide real-time visual cues about device status and servo control, ensuring clear communication without distraction.
- Functional safety – control elements with status LEDs allow safe operation of critical functions—without requiring two-handed input—streamlining workflow while maintaining safety standards.
- Hand detection – capacitive proximity sensor detects the operator’s hand automatically, enabling seamless activation of controls only when needed.
- Display navigation – a mini-joystick embedded in the handle allows for quick and efficient navigation of the display interface, reducing the need to reach for external controls.
- Ergonomics – multi-stage handle height adjustment ensures optimal comfort and usability, adapting to different operator preferences and working conditions
In addition to the INTUSI-powered custom cockpit, the new Liebherr R 920 G8-E electric excavator ships with your choice of either a 188 or 282 kWh high capacity li-ion battery, which is capable of 150 kW DC fast charging. Fast enough, in other words, to power up the machine during shift changes, if needed.
Electrek’s Take
If the notion of a battery electric Liebherr excavator seems familiar, that’s because it should – the company first converted one of its ultramassive R9400 mining excavators last year, as a proof of concept co-developed with global mining giants Fortescue as they invest in new technology to decarbonize their mines.
Since then, Fortescue has used the machine to move millions of tons of dirt, and has ordered several more. And, because everything from excavators to loaders to heavy trucks are built to be powertrain agnostic, and manufacturers will often offer the same basic vehicle with Cummins, Detroit Diesel, or Volvo power, so there’s a degree of openness baked into those systems already. Liebherr is just taking that to the next level by installing an electric drive motor in place of an internal combustion engine, and I expect this excavator will be the first of many such machines from the brand.
SOURCE | IMAGES: Liebherr.
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Rivian has posted a job listing for a steering engineer, specifically mentioning work on a future steer-by-wire system for the company.
Steer-by-wire is an automotive concept that has been around for a long time, but hasn’t yet reached mass adoption. The idea is to replace (or supplement) mechanical linkages between the steering wheel and the wheels with electronic actuators instead.
There are a number of potential benefits to this, like allowing more customizability or adaptability to a steering system, reducing mechanical complexity, or adding speed-sensitive variable steering ratios.
Although there are also disadvantages, like a reduction in steering feel (although, since most cars are moving to electronic power steering, that was already gone anyway).
But few cars have implemented steer-by-wire systems, or at least not fully committed to them, given that mechanical steering racks are a relatively solved problem and the general inertia of the car industry which would rather stick with a solution they know than switch to something better (haven’t we here, at this EV publication, heard *that* one before…). There’s also the matter of regulations, which have often been written to require mechanical steering systems, and may need updating to allow for steer by wire.
But, steer by wire made it into mass production with the release of the Tesla Cybertruck. This was big news when Tesla committed to this – at the time, it was the only thing on the road to exclusively use a steer by wire system, though there are other cars with partial steer by wire (for example, mechanical front wheel steering, and steer by wire rear-wheel steering).
But it seems to have opened the floodgates, as a number of other companies are working on or have since released steer by wire systems (Lexus, for example).
And now, it looks like Rivian is one of those companies – though we don’t know if it’s for the front or rear.
The company posted a job listing for “Sr. Staff Technical Program Manager, Steering Actuator System,” based at its Irvine, CA headquarters (spotted by Rivianforums). This wouldn’t be so exceptional, except that the job posting also specifically points out that “you’ll have full cradle-to-grave ownership of the SBW subsystem.”
So – we know they’re working on steer by wire, to some extent.
But a few other EVs, particularly large EVs like the Rivian R1 platform is, use steer by wire just for the rear wheels – for example the Hummer EV and Rolls-Royce Spectre. These systems are particularly helpful for giant vehicles, because it allows them to be more nimble and make turns that otherwise would require a lot more… negotiation in a giant land yacht.
So it’s possible that Rivian is only working on rear wheel steer by wire here, but we’d like to think there’s a chance it’s working on steer by wire for the full vehicle.
We also don’t know if this would show up on all of Rivian’s vehicles, or only on certain models – the R2 and R3 are in development, and the R1 just got a big refresh. But, perhaps even more interestingly (and very speculatively), VW has invested heavily in Rivian for technology help, so we wonder if we might end up seeing this in VW group vehicles, or Scout vehicles eventually…
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Hyundai’s electric sports car just got a whole lot cheaper. The 2025 Hyundai IONIQ 5 N now costs $150 less per month to lease after another unexpected price cut.
How much is it to lease the 2025 Hyundai IONIQ 5 N?
The new and improved 2025 IONIQ 5 is coming off its best US sales month yet in July, but that isn’t stopping Hyundai from wanting more.
After Hyundai cut lease prices on all trims last month to as low as $179 per month, it’s now offering even more savings.
The 2025 Hyundai IONIQ 5 N is now listed for lease at just $549 per month. The offer is for 36 months, with $3,999 due at signing. At an effective monthly rate of $660, Hyundai’s EV is $150 cheaper a month than it was in July.
Hyundai is currently offering some of the best deals on electric cars, with the 2025 IONIQ 5 SE Standard Range listed for lease at just $179 per month.
The Standard Range model has a driving range of 245 miles. If you’re looking for more, the Extended
Range SE, with a range of 318 miles, is available to lease from $199 per month.
You can even lease the rugged new XRT trim right now for under $300 a month. All deals are for 24 months with $3,999 due at signing and end on September 2
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* | Monthly lease price July 2025 |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 | $179 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 | $199 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 | $209 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 | $309 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 | $249 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 | $259 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 | $359 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 | $299 |
| IONIQ 5 N Dual Motor AWD | Up to 601-horsepower dual motor |
221 | $66,200 | $549 |
With the $7,500 EV tax set to expire at the end of September, Hyundai is offering savings across its entire electric car lineup.
Even Hyundai’s new three-row electric SUV is surprisingly affordable. The 2026 INIQ 9 is listed with monthly lease prices as low as $419 per month.
Looking to test drive one out for yourself? We can help you get started. You can use our link to find deals on the 2025 Hyundai IONIQ 5 at a dealer near you (trusted affiliate link).
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