Tax Credits for Used Electric Vehicles

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If this bill works as it's intended, it will basely push americans away from relying on fossil fuels in all parts of the economy. Our biggest polluting sectors are transportation, electricity, and then after that we have industry, buildings and some other areas. This bill helps clean up cars. It helps clean up the power sector. It has tons of funding for clean energy tax credits as well as s for electric vehicles.

Probably not, but he did finally compromise on the Inflation Reduction Act (née Build Back Better), which could be the most significant climate spending bill in US history. Vox’s Li Zhou and Rebecca Leber explain.

This episode was produced by Victoria Chamberlin and Hady Mawajdeh, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, and hosted by Sean Rameswaram.

Transcript at vox.com/todayexplained

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