Is the Inflation Reduction Act Really a Climate and Energy Act?

CNN's John Defterios says the U.S. and Europe are waking up to this concern. The bad news is it's just not a very nimble supply chain to manipulate, he says. But we see some action in legislation such as the Inflation Reduction Act that has tax incentives out there for US-electronic vehicle manufacturers. "I do think that the US is... We're going to see action," defterios says.

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