(Bloomberg) President Joe Biden’s signature economic legislation promised to create a wave of demand for made-in-America electric vehicles by offering lucrative tax credits. A year later, EV uptake is more of a wavelet as US car buyers and automakers grapple with qualifications that have limited eligibility for many current electrified models.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateFed Saw ‘Significant’ Inflation Risk That May Merit More HikesNig
As the Inflation Reduction Act fragments the global clean energy market, time is running out for the U.S. to shore up its critical mineral supply chain.
President Joe Biden and Democrats have hailed the law as climate-game changer, but it's popularity with companies is proving expensive as it speeds the transition to clean energy economy.
Of the many lessons to be drawn from the last decades’ battles over climate policy, one is that yelling at people about data doesn’t tend to make them do something about it. Scientists have produced a steady drumbeat of ever-scarier numbers since the 1980s, detailing the horrors to expect as temperatures rise. Many of those horrors are coming to life; July may well have been the hottest month earth has seen in 120,000 years. Despite this crush of evidence and growing public awareness, government