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Critics call Inflation Reduction Act a 'missed opportunity'

1 month ago   |   By WGN TV

WASHINGTON - The Inflation Reduction Act will make a significant investment in the electric vehicle market by extending tax credits of up to $7500 on new cars and up to $4,000 on used electric vehicles.
But critics, like the Alliance for Automotive Innovation, complain that it's a "missed opportunity at a crucial time" because many electric cars won't qualify for the tax rebates.
Secretary of Transportation Pete Buttigieg says that's intentional.
"Part of the design of this bill is not to support any electric vehicle, but to support U.S. made or North American made electric vehicles," he...
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