Half of the credit, ah, three thousand 750 dollars, is available if you meet those other requirements. At least forty percent of the critical minerals are either extracted or processed in the us. The other half is focused on battery components. So unfortunately, a, i'm not aware of any vehicles that will qualify for the full 75 hundred dollars with these provisions at this time frame.
In August, President Biden signed the Inflation Reduction Act into law. The IRA allocates around $370 billion over ten years to invest in renewable energy, make EVs more affordable, address climate inequities, reduce greenhouse gas emissions and help mitigate the climate crisis.
But like any law, the way the money is doled out matters, and the law’s implementation will ultimately determine its success. Some of the IRA money moves through state governments, including some that are outright hostile to the law. Consumers will have access to a suite of rebates and credits designed to electrify their lives, if they can get the necessary support to take advantage of them. How can government agencies, companies, investors and individuals take the law from words on a page to real functioning programs?
Guests:
Carla Frisch, Principal Deputy Director, Office of Policy for the U.S. Department of Energy
Ryan Panchadsaram, Advisor to the Chairman at Kleiner Perkins
Erwin Chemerinsky, Dean, Berkeley Law
Dan Bowerson, Senior Director, Energy & Environment, Alliance for Automotive Innovation
For show notes and related links, visit ClimateOne.org
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