Expediting Energy Permits and Electric Vehicle Tax Credit Termination
This act aims to speed up the approval process for various energy projects, including oil, gas, and renewable energy, potentially impacting energy availability and costs. It also ends tax credits for new electric vehicle purchases after 2022, which may influence consumer buying decisions.
Key points
Faster approval or denial of permits for oil, gas, and renewable energy projects.
Elimination of presidential permits for cross-border oil, gas pipelines, and electric transmission facilities.
Delegation of federal land energy permitting authority to states upon request.
Codification of environmental review regulations and the definition of protected waters.
Termination of tax credits for new plug-in electric vehicles acquired after December 31, 2022.
Status:
Expired
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