The rollback of provisions from the Inflation Reduction Act (IRA) by Congress significantly undermines electric vehicle (EV) production in the U.S. It halts tax credits that spurred record EV sales in 2024 and will also limit renewable energy advancements. The move raises alarms among auto industry leaders and climate experts, warning of decreased EV manufacturing and sales and increased greenhouse gas emissions. As the world shifts towards electric and hybrid vehicles, America risks falling behind. The implications extend to battery production, vital for various technologies and EVs, which America struggles to produce at scale.
At his behest, the GOP-controlled Congress has now passed the 'Big, Beautiful Bill' that guts the environmentally-focused provisions of the Inflation Reduction Act (IRA), including tax credits for EV purchases.
Electric cars are basically just giant batteries on wheels, so car companies have spent the past few years trying to open battery plants in the U.S. at a feverish pace.
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