The BIG Problem With Biden's Electric Car Tax Credits In The Inflation Reduction Act

In the Democrats' Inflation Reduction Act, there are tax credits for purchasing electric vehicles, which is great. But how are people who live in apartment buildings or just park on the street supposed to charge their cars? Is this a huge oversight in the bill?

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I wanted to talk a bit about some of my thoughts about the climate divisions in the inflation reduction act that won't induce reduced inflation. so a big part of it is the expanded EV credits as we know. And you know you've had whatever his name was on last Friday talking about how those credits might actually not take effect because it has to be for things manufactured in the u.s in certain ways and so that basically excludes most of the cars on the market. But what I wanted to know is that a lot of the reasons that people don't get EVs is because of things like the lack of availability of charging, right? if industry if internal combustion engine cars were the state of events there wouldn't be you know gas stations on every block in the city. and so people would be more skeptical about it. In the same way here there's nothing in this bill that I saw that funds expanding public charging infrastructure. and so you know to the extent that EVs are going to be adopted I think really very much depends on that. especially when you have like what at least a third of Americans renting. they can't just install a charging station and a rental property. and the landlord isn't gonna just gonna do it on a whim. so I think that's a really big downside to this whole idea of just using tax credits or evs to stimulate climate goals. I mean, I tend to agree. in the original build back better I think there was money for something like 50 000 charging stations across the country. and I don't I don't know frankly I don't know how that's going to be addressed. I mean I noticed in New York City I'm starting to see municipal charging stations come up. but very few. and yeah it's a real problem. I mean, you know, I live in an apartment building. like I can't run an extension cord out of my house down you know two blocks away where the car is. yeah, it is a problem there's no doubt about it. I mean, I think the theory is that that is at least in the context of like I think maybe outside of cities I really don't know how they're gonna address that. I really don't. I mean I don't even know how they would address it in cities frankly. yeah. because it's unclear to me how people who park their cars on the street regularly are supposed to charge them. But if you know, I think the idea is as you start to get more and more electric cars out there, which is going to start in the suburbs obviously.