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Inflation Reduction Act poses a big automotive manufacturing challenge

December 1, 2022 Article 4 min read
Authors:
Daron Gifford
The Inflation Reduction Act is the biggest overhaul of U.S. automotive policy in a generation. In Automotive News, Daron Gifford discusses why now’s the time for every player in the auto industry to get on board with an EV strategy.
Factory workers in a car factory.The Inflation Reduction Act is the biggest overhaul of U.S. automotive policy in a generation. If all goes according to plan, it will transform what Americans drive on the streets — and create economic boomlets for the states that manufacture those new vehicles and components.

At least that’s the plan. This new law is so ambitious — and the manufacturing deadlines are so tight — that it’s hard to imagine every goal being met on time. The incentives for EV consumers are large, but so are the strings attached for manufacturers and suppliers.

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