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New US Climate Deal Could Make EVs, Energy Bills Cheaper (1)

July 29, 2022, 12:33 AM

A surprise congressional budget deal announced Wednesday night boasts $370 billion in new spending for tackling climate change, including oodles of tax credits and rebates that could make it cheaper for people looking to drive and live more sustainably.

“This bill is going to open up a lot of avenues for Americans to contribute to the fight against climate change on an individual level,” said Senator Sheldon Whitehouse, a Democrat from Rhode Island, in an emailed statement. “Through a mix of rebates for electric appliances and efficiency retrofits and tax credits for technologies like heat pumps … it’s going to become a lot more ...