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US Economy
US EV startups impacted by IRA local sourcing rules
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The Biden Administration's policies aimed at localizing the EV supply chain, such as the Inflation Reduction Act (IRA), may unintentionally challenge EV startups like Fisker, Rivian, and Lucid as they scale up to compete with Tesla. The IRA Act offers subsidies of up to $7,500 for eligible vehicles but requires local sourcing, making…
Biden’s Act Bolsters China’s Hold on Electric Vehicle Market
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Joe Biden signed the Inflation Reduction Act in August 2022, which he and his administration claim was…
Boston Medical and OhioHealth Use Inflation Act to Reduce Carbon
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The HHS Office of Climate Change and Health Equity (OCCHE) has released two case studies showcasing how…
H1 2024: IRA’s influence boosts due to clear guidance, incentives.
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The Inflation Reduction Act has led to the announcement of 41 major clean energy projects and $12.6 billion in private investment so far in 2024. The IRS has issued guidance on various aspects of the Act, but final guidance is still awaited for the 45V hydrogen tax credit. Despite a split in the solar industry regarding trade policy and…
Chinese EV Battery Producers Constructing Moroccan Factories
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Chinese manufacturers have started investing in Morocco to build factories for electric vehicle (EV)…
Claiming Tax Credits for Clean Energy Under Inflation Reduction Act
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The U.S. Department of the Treasury and the Internal Revenue Service released Proposed Regulations on…
PhRMA urges CMS to address IRA price program concerns
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PhRMA has outlined five key concerns related to the Inflation Reduction Act (IRA) and its price-setting provisions. Their concerns include the price-setting process being arbitrary and susceptible to politicization, patient access to medicines in Medicare Part D being at risk, the undermining of the competitive marketplace, government…
Ohio Capital Journal News
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Renewable energy costs are now on par with fossil fuel-based energy in the US, a shift driven by the…
Chinese companies target Morocco for US electric vehicle subsidies
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Chinese manufacturers are investing in Morocco to qualify for $7,500 credits to US car buyers after the…
Biden Reduces Insulin Price to $15 Per Shot
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The Inflation Reduction Act of 2022, signed by U.S. President Joe Biden, lowered the cost of insulin for seniors on Medicare. However, during a presidential debate in 2024, Biden inaccurately stated that he had reduced the cost of an insulin shot to $15 from $400. The Inflation Reduction Act actually capped insulin at $35 per month for…