Federal EV Credit Out, Leaving Blue State Subsidies

By Kennedy Maize -- October 8, 2025

“A few states are bucking the national trend to prop up, temporarily, EV production. Domestic output is falling, which leaves foreign EV makers. The states do not have the federal “buy American” limit that applies to the batteries and internals of qualified EVs, however, which means that Japan’s Toyota bZ4x and Belgium’s Volvo’s EX30 could be the subsidized winners in an overall declining market.”

Biden administration $7,500 tax subsidy for purchasing electric vehicles, which helped propel a boom in battery electric vehicles (EVs), expired effective October 1st pursuant to the Big Beautiful Bill. Trump has long professed a distaste for this automotive technology, except for his EV photo-op in July when he turned the White House south lawn into a new car lot for Tesla cars to promote Elon and DOGE.…

Solar, Wind ESG/ETC Closures Accelerate

By Robert Bradley Jr. -- October 7, 2025

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.” ( – Milton Friedman, 1975)

The “socially responsible” investing bubble–a combination of government subsidies and political correctness–is leaking air. Yesterday’s post reported the demise of the Net Zero Banking Alliance. Now the wind and solar Exchange Traded Fund [ETF] is in freefall. As Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence, recently reported:

Solar, Wind ETF Closures Show Just How Much the Climate Has Changed. 5 ESG ETF closures in Aug, now 21 for year, 74 total… with 50 more in danger bc under the $50m mark. Basically when all is said and done about half of all ESG ETFs launched will likely be shuttered

One wealth analyst commented: “It seems to be a category started with good intent (ESG/Impact) but was quickly hijacked by politicians for their own causes and that dilutes any initial good intent.”…

Net Zero Banking Alliance Terminated

By Robert Bradley Jr. -- October 6, 2025

“RIP—and not a moment too soon for the 2.1 billion humans that suffer in abject energy poverty and much too late for the 16.5 million loved ones they have lost due to indoor air pollution during the 5 1/2 years the Net Zero Banking Alliance was working to prevent financing for fossil fuel projects all over the world.” (- Ryan Zorn, below)

“NZBA votes to cease all operations, abandon membership model,” reported ESG Dive. Lamar Johnson summarized:

Members of the United Nations-backed Net-Zero Banking Alliance voted Friday to immediately cease operations and shift to a guidance-based model, an NZBA spokesperson told ESG Dive.
The spokesperson said that the vote also “provided a mandate to explore how best to carry this work forward.” Banks will be involved in that process over the next six to 12 months where further plans will be developed.

…