The bill would divert nearly $370 billion to climate and energy security measures, aimed at slashing greenhouse gas emissions around 40% by 2030 and curbing consumer energy costs at the same time.
Credits of several thousand dollars for the purchase of zero-emissions electric vehicles: up to $7,500 for new EVs and $4,000 for used electric cars. Transportation generates around a quarter of U.S. greenhouse gas emissions. Credits for production of nuclear and hydrogen power. The Biden administration considers nuclear and hydrogen energy to be vital to decarbonization.
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