Climate Bill ‘Transformative’ for Auto and Energy Industries

The New York Times · Jack Ewing · last updated July 30, 2022 – 1:01 AM

The $369 billion climate and tax package Democrats in the Senate proposed this week could have far-reaching effects on the kinds of cars that Americans drive, where those cars are made and how the country produces its energy. The legislation also aims to break China’s hold on battery supply chains.

The bill, which came back from the dead after Senator Joe Manchin III of West Virginia unexpectedly dropped his opposition, could greatly accelerate changes already underway in the automotive and energy industries.

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