No Republican in Congress voted for the Inflation Reduction Act. But their districts and states will greatly benefit from the investments spurred by the law.
The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.
Representative Dina Titus of Nevada has been targeted by congressional Republican leaders in their quest to win control of the House.
The project also illustrates how difficult it is to get lithium out of the ground and break China’s dominance in processing the metal and turning it into batteries.
Rebates and tax credits can lower the cost of solar panels, energy-efficient appliances and electric vehicles.
Investments in battery factories, solar panel manufacturing and mining will help the Biden administration meet targets for reducing greenhouse gases.
Getting off fossil fuels can bring price stability and significant savings, but consumers may also face “greenflation.”
Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles.
There may be better ways to slow global warming, but this legislation is a big step forward.
Battery-powered vehicles are considered essential to the fight against climate change, but most models are aimed at the affluent.