Senate republicans passed their version of the republican tax bill previously passed by the House. The bill retains most of the bad parts of the House bill, and still kills a slew of tax credits to help working families become more energy efficient, improve US air quality, and boost US manufacturing – instead channeling that money to wealthy elites, increasing the deficit by trillions of dollars along the way.
The Senate bill retains much of the language killing off energy efficiency credits and credits responsible for green manufacturing growth in the US.
The credits were largely established under President Biden as part of the Inflation Reduction Act, which raised hundreds of billions of dollars through tax enforcement on wealthy individuals and corporations and channeled that into energy efficiency credits for American families.
We’ve covered how families could save thousands of dollars on upgrades to lower their energy costs through these credits.
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But these credits aren’t just money-saving for Americans, they also work to boost American manufacturing, due to various provisions in the bill, particularly around the $7,500 EV tax credit which was limited to cars that undergo final assembly in North America.
So of course, republicans want to repeal this good thing. The republican tax plan currently working through Congress repeals most of the credits established in the IRA which were responsible for this boom in investment.
Republicans in the House narrowly passed their version of the bill in May, which then went to the Senate and was modified. The Senate mostly kept the job-killing language of the House bill, eliminating consumer and business tax credits that helped to spur investment in US manufacturing – specifically the 30D and 25E credits for new & used clean vehicles, the commercial clean vehicle credit, the EV charger credit, and funding to reduce pollution from heavy duty vehicles. Many of these credits have domestic sourcing provisions which encouraged companies to establish US manufacturing facilities.
It’s estimated that the elimination of these credits will kill 2 million jobs by nipping a nascent US EV manufacturing boom in the bud before it really gets started. Many of those jobs will be lost in states whose Senators voted for the bill, like Tennessee and South Carolina which will lose 140k and 135k jobs respectively. All four Senators from those states – Marsha Blackburn, Bill Hagerty, Lindsey Graham, and Tim Scott – voted to put their constituents out on the street.
All told, every Democrat voted against the job-killing, deficit-increasing measure, and three republicans had even a small amount of good sense and joined to oppose the bill – Susan Collins of Maine, Rand Paul of Kentucky, and Thom Tillis of North Carolina. But it managed to pass with a 50-50 vote with tiebreaker from J.D. Vance, the runningmate of the convicted felon currently squatting in the White House (despite being Constitutionally barred from holding office in the US).
Originally, there were additional measures in the bill that seemed to have been included just out of spite. For example, republicans wanted to sell off USPS’ awesome new EVs for scrap, losing billions of dollars in the process and killing the American jobs building them. And republicans wanted to add a punitive tax on EVs while subsidizing gas vehicles even more, increasing the budget shortfall for highways.
Thankfully, neither the USPS or registration tax measures seem to have made it into the final Senate bill, but the main measures killing American jobs have remained.
The Senate bill is, in some ways, worse than the House bill. For example, it eliminates the consumer EV credit 3 months earlier, thus increasing inflation faster for one of the most costly items that a consumer owns – their car. And that won’t just affect EVs – by making EVs $7,500 more expensive, competing gas vehicles will feel less downward pressure on price from the competition of cleaner, cheaper-to-own EVs, and manufacturers could well increase prices.
Domestic EV sales in China have ballooned in recent years. China got a slower start than some countries, having low EV penetration until around 2020, but has gone exponential in recent years. In 2023, ICE car values began to plummet and these cars became unsellable in China, acting as a canary in the coal mine for what will happen to the global auto industry if other automaking countries don’t take EVs seriously.
It’s estimated that this year, China will sell more EVs than the US sells cars overall.
But China is not just the number one EV maker, it’s also the number one car maker. As of last year, China is the top auto exporter in the world, eclipsing Japan which had been the primary holder of that title for decades.
Japan came to international prominence in automotive manufacturing in the 1970s, led primarily by the adoption of technologies that better confronted the environmental challenges of the day, while Western automakers continued to try to sell unpopular, inefficient gas guzzlers. Western governments failed to recognize the threat of growing overseas competition, and responded fecklessly with tariffs that didn’t work. Sound familiar?
And so, the Senate bill, which would strangle the attempt to catch US EV manufacturing up to China’s long-planned dominance of the field, will only serve to reduce potential international competition to the rise of China. China is taking EVs seriously, and the US could have, if it weren’t for the spiteful actions of the republicans.
They’re trying to kill off these manufacturing investments likely to snub one of President Biden’s biggest wins, and as a giveaway to the fossil fuel industry that bribes them disproportionately. But all this will do is harm US manufacturing and make Americans sicker and poorer – and help the US’ geopolitical rivals step into the vacuum left by America’s abdication of the auto industry.
The bill now moves back to the House, where that body will have its chance to vote on the changes made in the Senate bill. The last vote passed by the narrowest possible majority, so it’s possible that the changes will kill the bill in the House, but given the recent history of republicans as wanting to make literally everything worse out of spite, it might take a miracle.
If you happen to want good things to happen to America, instead of bad things, you could perhaps call your Congressperson and ask them to vote against this job-killing, deficit-increasing, inflation-causing bill.
Another thing republicans want to kill is the rooftop solar credit. That means you could have only until the end of this year to install rooftop solar on your home, before republicans raise the cost of doing so by an average of ~$10,000. So if you want to go solar, get started now, because these things take time and the system needs to be active before you file for the credit.
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The long-promised “more affordable” Tesla model has been spied on Chinese social media, and it’s disappointingly about what we expected: a slightly decontented version of the Model Y.
For many years, Tesla had planned to build a much more affordable vehicle, starting around $25k. This vehicle was nicknamed the “Model 2,” and would have offered the most affordable entry point into the EV market, at least in the West.
In its place, Tesla started offering vague promises about “more affordable models, starting in its Q1 report in April 2024. Tesla later specified that these would enter production in the first half of 2025.
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The language Tesla used suggested that the cheaper vehicles would be “new models,” which means more than one model, and not just based on a current Tesla model. But we reported that this was unlikely to be the case, and that the “new models” would just be a stripped-down Model Y.
So, we’ve got confirmation that actual new models aren’t coming – but it does seem like something cheaper is coming down the pipe. And now, from Chinese social media pics of these “first builds,” we know just what kind of decontenting Tesla will do in order to get the cost savings.
Two videos were posted this weekend, on bilibili and weibo. The first was an exterior video by account “极客小猪” (machine translated as “Geek Piglet”). You’ll have to click through if you want to see the whole thing.
Parked side by side with a Juniper Model Y, the two models seem similar in length
It shows the new Model Y as similar in size to the Juniper refreshed model it’s parked next to, though the front and rear are covered by camouflage and it’s hard to tell with perspective of the camera.
As best we can tell from the captions (which isn’t very well), the account seems to think this might be the upcoming larger Model Y L, and the camera perspective in the particular screeenshot above does make it look like the car in the forefront could be slightly longer than the one in the back. But other perspectives show them looking similar in length, and seeing the various missing parts later in the video, we think it’s likely the “more affordable” model.
There are a few holes in the camouflage that give som indication of what might be different, like that the rear light bar from the Juniper might be cut off rather than running across the whole rear of the car. The new one is also missing the “T E S L A” logo across the rear, as can be seen in a little window showing the rear camera.
The video gets a look at the interior of the vehicle, where the seats are covered up. I originally suspected the vehicle might have cloth seats, but the cover seems to have dropped down in the rear, and something leather-like is showing through, so Tesla may still be using its fake leather product to cover the seats.
It also shows that the center console is cut off between the armrest and the screen, using up less material and giving an open space there. This is somewhat similar to the original design of the Model S, which had a large space in front of the center console. We can’t tell from the video if the 2 phone charging mats are still present or not – it looks like the space they’d normally go is there, but the pattern looks different than the current NFC phone chargers.
For another look at the interior, we saw a couple more photos from another Chinese social media account, 42号车库, or “Garage No. 42” on Weibo. These show the steering wheel, front seats, rear and roof a little more clearly. It seems to be of the same car, given the status of the seat covers in the rear.
More changes become apparent here: there is no panoramic glass roof on the car, and the rear screen which was added in the Juniper refresh is once again eliminated. But the turn signal stalk, which was eliminated in the Model 3 Highland refresh and returned in a vestigial manner in the Juniper refresh, is (thankfully) still there.
The balance of these changes suggest that a lot of them are just rollbacks of the content which was added to the cars in the Juniper refresh. Interestingly, though, the Juniper refresh did not increase the price of the car significantly. So, rolling back those changes shouldn’t decrease the price of the car all that much either.
But these just show us some of the interior and exterior changes – the model might have other changes as well. From time to time, Tesla has offered cheaper versions of its vehicles either with rear-wheel drive only, to save on the cost of the front motor, or with a smaller or cheaper (e.g. LFP) battery. The new “affordable” Model Y might incorporate those changes too, and be able to get cost down more because of it, but we’ll have to wait for more information on that.
Further, there’s been no indication of a cheaper Model 3 or any actual “new models” yet. Model 3 is a smaller car than the Model Y, and thus could be cheaper – if Tesla is saving a significant amount of money by cutting a little plastic out of a center console, surely cutting hundreds of pounds of aluminum would save even more. We had expected the “more affordable models” to include both a stripped-down Model 3 and Model Y, but per Musk’s comments on the call, we might only be getting a Model Y.
Maybe it would be nice to have someone in charge who takes the mission of sustainable transport seriously. Which Musk does not, and has in fact acted against with his recent actions.
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It may be small in size, but Honda promises the new N-ONE e is fit for a “daily partner” with a flexible interior, ample range to navigate the city, and it can even power up your home..
Honda reveals the new N-ONE e electric car
The N-ONE e is Honda’s second light EV, or “kei car” as they are called in Japan. It’s Honda’s second electric kei car, following the N-VAN e, launched in October 2024.
Although the N-VAN e was mainly for business use, the new N-ONE e is specifically designed as an everyday driver.
Honda said the new EV was “developed in pursuit of the ideal EV” with a unique design, spacious interior layout, and enough driving range for daily travels. The N-ONE e is the electric version of Honda’s retro kei car, the N-ONE, which has been on sale in Japan since 2012.
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It looks about the same as the gas-powered model, but the new EV has a new face with a smoothed-out black grille and two additional charge ports up front.
Honda N-ONE e electric car (Source: Honda)
Honda boasted that the electric city car has “added the cleanliness that only an EV can offer” with smoothed edges and a new rounded bumper design.
The interior, on the other hand, has been completely revamped from the gas model to maximize space. It includes a decent-sized infotainment screen and a push-button gear selector.
Honda N-ONE e electric car (Source: Honda)
There’s also plenty of physical buttons for climate control functions and more. To maximize interior space, Honda kept it simple with smart storage options and flexible seating.
Although Honda has yet to reveal specifics, it did say the N-ONE e has achieved a WLTP cruising range of over 270 km (167 miles).
It will likely share parts with the N-VAN e, hinting at a single electric powertrain with up to 63 hp, the limit for kei cars in Japan.
With Vehicle-to-Home (V2H) capabilities, Honda’s new EV can be used as a mobile power source during a natural disaster or power outage. You can also use it to power electronics, a campsite, a worksite, and more on the go.
Honda is opening advanced reservations for the new electric car on Friday, August 31. It’s scheduled to launch in September, around the same time Honda’s “Super EV” for Europe is set to debut.
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A view of Cheniere’s Sabine Pass LNG facility located in Cameron Parish, Louisiana, as seen from Port Arthur, Texas, on June 23, 2025.
Joel Angel Juarez | Reuters
Shares of liquified natural gas, or LNG, companies jumped Monday after the European Union agreed to purchase $750 billion of energy from the U.S.
LNG exporters Cheniere and Venture Global were up about 3% and more than 4%, respectively. NextDecade and New Fortress Energy, which build LNG infrastructure, jumped more than 2% and about 3%, respectively.
EU President Ursula von der Leyen said the purchases would help reduce the bloc’s dependence on Russia for natural gas.
“Purchases of US energy products will diversify our sources of supply and contribute to Europe’s energy security,” Von der Leyen said in a statement over the weekend. “We will replace Russian gas and oil with significant purchases of US LNG, oil and nuclear fuels.”
The energy purchases are part of a broader trade deal struck between the EU and the U.S. over the weekend. The deal imposes 15% tariffs on EU exports to the U.S. In addition to the energy purchases, Brussels has agreed to invest $600 billion in the U.S. above current levels.
President Donald Trump said “energy is a very important component” of the deal during a meeting with von der Leyen on Sunday.