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mafco OP t1_jbf6ik0 wrote

Biden's Inflation Reduction Act, a massive clean energy and electric vehicle bill passed by congress and signed into law last August, is much, much more than just a greenhouse gas emissions reduction policy.

The genius of the bill was incorporation of industrial policy to incentivize the growth of US domestic supply chains for everything from batteries to electric vehicles to solar panels. So far the response from industry has been almost breathtaking with a flurry of new factory announcements, tens of billions of dollars in new manufacturing investments and 100,000 new jobs so far. The ultimate goal is re-industrializion of the US economy and millions of new good paying middle class and whit collar jobs.