Amid Calls For IRA Repeal, Paper Finds Economic Benefits Of EV Tax Credits

A draft analysis from several economists is providing ammunition for defenders of the Inflation Reduction Act’s (IRA) electric vehicle (EV) tax credits, estimating that the credits last year yielded almost double the U.S. economic benefits relative to costs and that repealing them, as some GOP critics urge, could slow the domestic EV market. “There is a lot of negative rhetoric right now out in the public sphere” doubting the EV incentives, Natural Resources Defense Council’s (NRDC) clean vehicles director Kathy...