US policymakers passed the “One, Big, Beautiful Bill Act,” which ends tax incentives for electric vehicles from 30 September instead of 2032, while preserving support for hydrogen and critical minerals. Hydrogen industry leaders welcomed the extension of the 45V tax credit to 2028, crucial for upcoming projects. Coal and mining groups praised the inclusion of metallurgical coal in the critical minerals list. The bill reflects a mix of climate ambition, political compromise, and industrial strategy shifts.