What Else Is the Government Doing for My Tesla?
It may appear as though the IRA imposes some onerous obligations on car companies and dealers, but it’s also providing quite a bit of assistance along the way. Last month, the Department of Energyco-owned by GM and LG Energy Solution to construct more battery factories. In addition, the IRA will disburse $100 billion to loan programs that already work to finance domestic EV production. There will be $20 billion of loans to build new clean vehicle plants throughout the U.S.
: “It may take a few years, but eventually the legislation will help make electric cars cheaper than gasoline and diesel vehicles.”After parsing the IRA’s new measures, one may get the impression that its EV program is a mixed blessing.
You need a flow chart to understand it