rising costs

Electric vehicles

For Electric Cars, Follow the Money – Inside Sources

The Inflation Reduction Act allocates $340 billion in a complicated scheme of tax credits and rebates for electric vehicles (EVs). The administration plans for nationwide charging stations and an all-electric federal automotive fleet by 2030. Further, it has set a target of making EVs to be half of all new vehicles sold in 2030, estimated by the Edison Electric Institute to be 5.6 million EVs.

Economy

Powell meets a changed economy: Fewer workers, higher prices

Restaurant and hotel owners struggling to fill jobs. Supply-chain delays forcing up prices for small businesses. Unemployed Americans unable to find work even with job openings at a record high. Those and other disruptions to the U.S. economy — consequences of the viral pandemic that erupted 18 months ago — appear likely to endure, a