The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
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 climate bill will make cleaner energy cheaper for everyone.
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.
Battery-powered vehicles are considered essential to the fight against climate change, but most models are aimed at the affluent.
Along the way to the $369 billion package, the West Virginia senator secured an array of concessions for his state and for the fossil fuel industry.
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.
The announcement Wednesday of an agreement in the Senate almost instantly reset the role of the United States in the global effort to fight climate change.
Some Democrats want to forge ahead with a stand-alone climate bill, but their solution could mean abandoning other parts of President Biden’s agenda.