From Jamal Raad, Evergreen Action <[email protected]>
Subject Want to see the Inflation Reduction Act in action?
Date October 29, 2022 1:10 PM
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The Inflation Reduction Act was a massive climate win... but now that it's law, how is it actually changing our country and building our clean energy future?

Our new series showcases exactly how the Inflation Reduction Act is taking effect across the country. No matter where you live, this monumental law is providing real, tangible benefits to you and your community.

We fought hard for this. Now, let's meet the Inflation Reduction Act... in real life.

Bill, it's only been two months since President Biden signed the Inflation Reduction Act into law—but it's already a game-changer in so many ways.

The Latest Critical Impact: Huge investments in U.S. clean energy jobs and manufacturing

What do battery, tech, clean infrastructure, and automotive companies have in common? They're all bringing jobs back to the U.S. because of the Inflation Reduction Act.

In order to qualify for the IRA's electric vehicle tax credit, Kia, Hyundai, Honda, Toyota, GM, BMW, and more are moving the final stages of their vehicle production lines to the U.S. They're joined by a multitude of other industries.

That sets the U.S. up as a global leader in the transition toward a clean economy—not to mention more jobs, competitive wages, and more investment right here at home.

Quick Hits: In just the last two months, the Inflation Reduction Act has provided...

$3.1 billion for farm loan relief, including to help farmers hit by climate-driven natural disasters: [link removed]

$27 billion for a green bank to fund local communities' energy efficiency programs, community solar programs, and other pollution-reducing initiatives: [link removed]

Direct subsidies to lower costs for electric car and battery manufacturers, plus a $7,500 electric vehicle tax credit for consumers: [link removed]

Incentives for a new lithium-ion battery recycling facility to ensure a sustainable future for electric vehicles: [link removed]

Long-term certainty and a "new era" for the solar industry, which is now projected to triple by 2027: [link removed]

Incentives for pollution-free hydrogen vehicles, leading to a $200 million industrial investment in South Carolina: [link removed]

And remember—we're just getting started.

Onward,

Jamal Raad
Executive Director, Evergreen Action

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