Senate Passes Climate Change, Health Bill with EV, Solar Panel Credits

After 18 months of arduous negotiations and a marathon night of debate, the U.S. Senate on Sunday passed President Joe Biden’s ambitious climate, tax and health care plan—legislation that could have significant impacts on manufacturing, especially in the automotive space. Voting as a unified bloc and with the tie-breaking vote cast by Vice President Kamala Harris, Democrats approved the $430-billion spending plan, which will go to the House of Representatives next week, where it is expected to pass before being signed into law by Biden. The plan, crafted in sensitive talks with members on the right wing of his Democratic Party, would include the biggest US investment ever on climate—$370 billion aimed at effecting a 40% drop in greenhouse gas emissions by 2030.