Inflation Reduction Act 2024 Cost Reduction. The new bill makes the largest investment in combating climate change in u.s. Since january 2024, more than 250,000 americans have claimed the inflation reduction act’s ev tax credits—either $7,500 off a qualified new electric vehicle, or up to $4,000 off a qualified.
Starting january 2024, the inflation reduction act expanded the program to cover more drug. Biden signed the landmark inflation reduction act, which provides nearly $400 billion to support clean energy and address climate change, including $8.8 billion for the home energy rebates.
