“Our Department of Energy estimates that the new law will reduce emissions in the United States by about 1 billion tons in 2030, while unleashing a new era of clean-energy-powered economic growth,” Biden told world leaders at the UN’s COP27 climate summit in November.
A credit of up to $7,500 is available for the purchase of a new electric vehicle — though this may require the rewiring of supply chains, given coming stipulations that eligible vehicles need be built in North America, with batteries and components also from North America. There’s $2 billion in grants included to expand domestic manufacturing capacity as demand grows.
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Seeing the govt is pushing everyone to electric there should be a cap on the max price allowed for an electric vehicle. Cap electrical rates and come up with a viable solution to replace fuel tax income.
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