Inflation Reduction Act poses a big automotive manufacturing challenge

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.