The clean energy and electric vehicle (EV) industries have received a major boost after Joe Biden signed into law a United States climate and tax package that unlocks US$369 billion in funding for renewable energy projects. The package, which is part of the Inflation Reduction Act of 2022, contains a number of funding provisions and support designed to spur innovation in, and adoption of, renewable energy in the United States, often viewed as a laggard on climate change.
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