WASHINGTON — President Trump’s newly passed “Big Beautiful Bill” rolls back much of Joe Biden’s landmark climate law, gutting clean energy incentives and shifting the US energy mix back toward fossil fuels.

The bill repeals key provisions of the 2022 Inflation Reduction Act, slashing tax credits for wind, solar, EVs, and energy-efficient upgrades, with most ending by 2026. Clean energy projects now face tighter deadlines and uncertain financing, while fossil fuel subsidies and drilling on public lands remain intact.

Critics warn the rollback undermines renewable investments, raises emissions, and weakens US competitiveness in green technologies. EV credits end this year, fuel economy penalties are dropped, and new incentives favor coal for steelmaking.

Proponents, including Trump and his Big Oil allies, hailed the law as a win over the “Green New Scam,” while environmental groups say it risks locking the US into costlier, polluting energy and ceding clean tech leadership to China.