If the money is actually spent as earmarked this seems to be a pretty good bill. This article just focuses on the environmental side.
I have been saying all along that we should spend money to force production of clean energy back to the US. The liberals here even made fun of me for it because they thought it was a dumb idea. I guess I am not alone in my desire because this bill is designed to force the issue.
However, in order to win the crucial support of Sen. Joe Manchin, D-W.Va., the IRA requires that an EV eligible for the tax credit must have a battery built in North America with minerals mined or recycled there as well. Currently, most EVs on the market would not qualify. The purpose is to develop EV building capacity domestically, instead of relying on China, which is the main producer of lithium-ion batteries. But automakers have expressed doubts that they will be able to meet the bill’s requirements on its timeline.
news.yahoo.com
I have been saying all along that we should spend money to force production of clean energy back to the US. The liberals here even made fun of me for it because they thought it was a dumb idea. I guess I am not alone in my desire because this bill is designed to force the issue.
However, in order to win the crucial support of Sen. Joe Manchin, D-W.Va., the IRA requires that an EV eligible for the tax credit must have a battery built in North America with minerals mined or recycled there as well. Currently, most EVs on the market would not qualify. The purpose is to develop EV building capacity domestically, instead of relying on China, which is the main producer of lithium-ion batteries. But automakers have expressed doubts that they will be able to meet the bill’s requirements on its timeline.
Here’s what the Inflation Reduction Act will do to combat climate change
The Inflation Reduction Act passed by the Senate over the weekend will pursue an extremely wide and varied array of strategies intended to combat climate change.
