Biden’s climate law is reshaping private investment in the United States

WASHINGTON — Private investment in clean energy projects such as solar panels, hydrogen power, and electric vehicles surged after President Biden signed an expansive climate bill into law last year, a development that shows how tax incentives and federal subsidies have helped reshape some consumer and corporate spending in the United States.

New data released Wednesday suggest the climate law and other parts of Biden’s economic agenda have helped speed the development of automotive supply chains in the American Southwest, buttressing traditional auto manufacturing centers in the industrial Midwest and the Southeast. The 2022 law, which passed with only Democratic […]

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By Donato