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Bumpy ride ahead for electric vehicle makers after US passes Climate Bill

Most environmentalists have generally applauded the Inflation Reduction Act, despite concessions made to the fossil fuel industry

Topics
United States | Climate Change | Electric Vehicles

Jack Ewing | NYT 



tesla
The new credits favor companies, like Tesla and General Motors, that have been selling electric cars for years and have reorganized their supply chains to produce vehicles in the United States. Photo: Bloomberg

The climate and energy package approved by Congress on Friday aims to achieve two goals that are not always compatible: Make more affordable while freezing China out of the supply chain.

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First Published: Sun, August 14 2022. 23:06 IST

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