The U.S. House of Representatives on Friday passed the Inflation Reduction Act (IRA), the largest climate bill ever passed in the country. It includes $369 billion USD in climate-related funding, part of which will cover tax credits of up to $7,500 USD for new and used electric vehicle (EV) purchases. The IRA cleared the U.S. […]
A major lobbying group representing major automakers General Motors, Toyota, Volkswagen and others has said the newly passed U.S. Senate bill including tax credits for electric vehicles (EVs) could jeopardize climate targets. The $430 billion bill approved by the U.S. Senate on Sunday could stop automakers from reaching EV adoption targets by 2030, one senior […]
