As president, Biden has made confronting the threat of rising greenhouse emissions and global temperatures a central project of his administration. In 2022, Biden secured passage of the historic Inflation Reduction Act, which invests hundreds of billions in building a green manufacturing base in America while also offering cash incentives for Americans to buy electric cars and make energy upgrades in their homes.
The previous administration had left the Paris Climate Agreement. And not just exited the chat from a global dialogue, but ceded American leadership on an issue critical to national and economic security. They had executed almost 200 regulatory rollbacks and reversals. That means U-turns on reducing emissions from tailpipes, U-turns on reducing emissions from smokestacks. We had agencies that were hollowed out.
The most visible transformation is what’s happening in our economy right now. And that is to source those solar panels and those batteries and those wind turbines here in America. You look at places like Weirton, West Virginia, where there used to be a steel factory. Now it’s been reopened to make batteries that help the grid more effectively harness power from the sun in the wind. Or in Dalton, Georgia, which used to be the sofa factory capital of the world.
Joe Biden, knowing how the real economy works, knew that we needed to put cash on the hood of the car. So we now have over 11,000 dealerships around the country who have opted in to the Treasury Department’s program so that when you go to the dealership, and you buy this American made vehicle, you will get that $7,500 or the $4,000 right off the top.
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