An Inflation Reduction Act program is directly funding state and local climate action and could provide an end-run around legislative inertia and hostility on climate, advocates hope.
The Inflation Reduction Act has dangled 'very attractive carrots' to accelerate decarbonization, but a 'few more sticks' are needed to hit climate targets, according to a new analysis.
EV fleets are expanding at a fast pace in several of the world’s largest markets. This is being driven by governments and automakers who are promoting electricity powered vehicles as a key technology to curb oil use, fight climate change and air pollution.
The rules include a labeling mandate and will eventually require battery makers to meet certain levels of recycled content for critical minerals found in batteries, such as cobalt, lithium and nickel.