Retail

Repeal of Inflation Reduction Act's EV, manufacturing incentives a ‘scary thought,' industry executives say

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President Joe Biden holds out his pen to U.S. Sen. Joe Manchin, D-W.V., as Senate Majority Leader Chuck Schumer and U.S. House Majority Whip James Clyburn look on after Biden signed the Inflation Reduction Act into law in a ceremony at the White House on Aug. 16, 2022. (REUTERS)
August 21, 2024 12:09 PM

The Inflation Reduction Act, now 2 years old, has proven itself a landmark piece of legislation for the auto industry, spurring billions in investments in electric vehicle assembly, battery manufacturing and parts making.

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