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Inflation Reduction Act

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Here’s how much money you’ll get with the Inflation Reduction Act

Inflation Reduction Act

The Inflation Reduction Act (IRA) is a “free electric bank account with your name on it.” It’s packed with rebates and tax credits that will help Americans purchase everything from EVs to solar and electrical appliances to heat pumps. Check out this easy-to-use IRA savings calculator from Rewiring America that tells you what you get – and when.

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China files lawsuit with World Trade Organization against US, citing ‘discriminatory policies’ for EVs in the IRA

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China has filed a formal complaint with the World Trade Organization (WTO) against the US Inflation Reduction Act (IRA), claiming its subsidy policies discriminate against foreign automakers and disrupt the global goal of expediting EV adoption while distorting fair competition. A spokesperson for China’s Ministry of Commerce spoke to reporters and shared the details behind the filing.

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Tax credits are good, but on-the-spot tax credits are really killing it

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The new year rolled out a new plan where EV shoppers could get on-the-spot tax rebates when purchasing a new electric vehicle, with auto dealers then handling the paperwork and waiting to get reimbursed by the government. The US government says it has already paid out $135 million to auto dealers that signed up for the program so far this year.

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