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Democrats Supercharged EV Investment While They Had the Chance

The Inflation Reduction Act altered the playing field in a way Republicans are unlikely to drastically change.

US President Joe Biden speaking at the Detroit auto show in September.

US President Joe Biden speaking at the Detroit auto show in September.

Photographer: Erin Kirkland/Bloomberg
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It looks increasingly likely that Democrats’ days controlling both chambers of Congress are numbered. While President Joe Biden and his party have been in charge, they’ve managed to fundamentally alter the auto industry playing field in ways Republicans are unlikely to drastically change.