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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

made EV at its plant in Tennessee the next month. 2 billion for the Domestic Manufacturing Conversion Grant program , which “encourage[s] domestic production and sales of efficient hybrid and advanced diesel vehicles and components of those vehicles”. billion US factory to supply its electric vehicles. . $3

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The redesigned federal EV tax credit and other EV-related measures

Charged EVs

For example, would batteries produced in the US by a Chinese company fall foul of the law? The IRA also extends existing renewable energy tax credits for utilities, which could make EV charging cleaner and cheaper. billion to GM and LG Energy Solution to build battery factories in Michigan, Ohio and Tennessee. Goin’ postal.