The Fuse | One Year Later, The IRA Is Working - The Fuse
The Inflation Reduction Act, signed into law by President Biden on August 16, 2022, was the most significant signal of support for the transition to electric vehicles by the federal government. It serves as a critical part of the effort to achieve the Biden Administration’s goal that 50 percent of all new vehicles sold in 2030 are electric—an essential step toward reducing the United States’ dependence on oil.