Does the Climate Bill Actually Help Average Americans Buy Electric Cars?

Is the U.S. ready for all of the bold claims about renewable energy in the newly passed Inflation Reduction Act. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.vox.com/recode/23331223/electric-vehicles-biden-ev-inflation-reduction-act

"Much hay has been made about how the Inflation Reduction Act represents America’s biggest climate investment ever. But reading between the lines of the legislation, which tackles everything from taxes to health care, shows that the nearly $740 billion law has some caveats, including new provisions to a more than decade-old EV tax credit.

For years, prospective electric vehicle buyers could count on a federal vehicle tax credit, which amounts to a $7,500 discount on a wide range of EV models. The incentive was originally authorized in 2008 and played a critical part in promoting early EV startups and encouraging price-conscious consumers to take the plunge and go electric. The IRA extends the tax credit until 2032 and establishes an additional $4,000 credit for used EVs."

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