They will offer tax credits of $7,500 or $40,000 depending on the size of the electric vehicle .
In a year marked by yet more floods, hurricanes and droughts linked to climate change, governments and companies have been forced to look more closely at the financial risks and their exposure to liability. Jim Farley, chief executive at electric van market leader Ford Motor, this year predicted that IRA tax credits would have a"dramatic impact on the adoption of EVs."
Amazon in an email told Reuters it expects the IRA to"transform our collective approach to reducing carbon emissions across sectors."
Reduce inflation by giving away billions in grants to buy electric vehicles? Joke
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