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flag House passes bill cutting clean energy tax credits, threatening growth in renewables and EVs.

flag The US House of Representatives has passed a bill that would significantly cut clean energy tax credits established under the 2022 Inflation Reduction Act, impacting the renewable energy and electric vehicle sectors. flag The legislation, which has moved to the Senate, accelerates the termination of several credits, imposes new foreign entity restrictions, and repeals the transferability of credits. flag This move could hinder the growth of clean energy projects and slow down the adoption of electric vehicles in the US.

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