Typical energy transitions unfold over 50 to 100 years. The urgency of the climate challenge means that humanity doesn’t have that kind of time. While market developments in renewables and electric vehicles are favorable, even those developments will not transform the energy landscape without concerted government policy. The Biden Administration is trying to re-shape the American economy to support this transformation through incentives that were included in the landmark Inflation Reduction Act (IRA). One year into the passage of the IRA and billions of dollars in investment in battery...

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