America’s Inflation Reduction Act is asking too much of car manufacturers and electric vehicle supply chains
On 06.12.2022 by Bessie NollAmerica’s recently passed climate law, the Inflation Reduction Act (IRA), provides strong support for accelerated adoption of clean vehicles in the US. Subsidies are generous for consumers looking to go electric, but only for vehicles that meet strict geographic requirements for critical mineral sourcing, battery manufacturing and vehicle assembly. Unabashedly, the US is seeking to shift the EV supply chain from China to North America, but at what cost?—I discuss whether the isolationist IRA is the right move for the US and, more importantly, the climate.