You'll Almost Have to Buy an Electric Vehicle if Climate Bill Passes

You'll Almost Have to Buy an Electric Vehicle if Climate Bill Passes
·3 min read

The attractions of electric vehicles have been magnetic in 2022. Now, there is legislation headed toward the home stretch that will give EVs not only new legitimacy in the eyes of the auto market, but potentially lucrative perks to automakers and consumers who decide to bet on electric vehicles as their chosen mode of transportation -- and investment. "This climate spending includes $60 billion for solar panel and wind turbine manufacturing (and $30 billion in credits for new projects), $60 billion for disadvantaged communities that bear the brunt of climate impacts, $27 billion for clean tech R&D, $20 billion to reduce agricultural emissions, $5 billion for forest conservation, $4 billion for drought funding in Western states, new battery manufacturing credits and many more climate-related priorities," EV site Elektrek reports.