Ford’s $3.5 billion plant in Michigan will draw on technology from CATL, a Chinese company that is the world’s No. 1 maker of electric-car batteries.
Category: Inflation Reduction Act of 2022
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As Federal Cash Flows to Unions, Democrats Hope to Reap the Rewards
In places like West Virginia, money from three major laws passed by Congress is pouring into the alternative energy industry and other projects. “I think it’s a renaissance for the labor movement,” said one union official.
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The Medicine Is a Miracle, but Only if You Can Afford It
A wave of new treatments have cured devastating diseases. When the costs are too much, even for the insured, patients hunt for other ways to pay.
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Ford Follows Tesla in Cutting Electric Vehicle Prices
The automaker reduced the price of the Mustang Mach-E by up to $5,900 after Tesla slashed prices of its cars by as much as 20 percent.
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As Tax Season Starts, a Beleaguered I.R.S. Looks to Bolster Customer Service
The Biden administration is focusing on making the agency more responsive amid concerns that a funding increase will result in more audits.
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At Davos, European Distress Over a ‘Made in America’ Law
The U.S. Inflation Reduction Act stirred talk of a trade war, but also proposals for a similar E.U. initiative to stimulate green investment.
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California Sues Companies Over Insulin Prices, Joining Other States
The state is taking action against three major drug companies and the big pharmacy benefit managers in an effort to temper costs for people with diabetes.
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Medicare Begins to Rein In Drug Costs for Older Americans
Reforms embedded in the Inflation Reduction Act will bring savings to seniors this year. Already some lawmakers are aiming to repeal the changes.
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The War in Ukraine Upended Energy Markets. What Does That Mean for the Climate?
Almost a year after Russia launched its invasion, assessing the impact on the oil industry and greenhouse gas goals is not so simple.
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I.R.S. Backlogs Continue as Republicans Mount Offensive
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
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Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia
Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.