[Martinjlm]

I think I’ve mentioned here before that the Inflation Reduction Act is waaay bigger than just EVs. If the IRA was a big dog, the EV portion is the fluffy tail at the end of it. If POTUS decided he wanted to cut off the tail but still leave the dog standing he’d still meet with some resistance from within his own party. There are (3) key EV related pieces to the legislation.

1. The $7,500 consumer credit that way too many people think is the entire IRA. Congressional action as well as direction from the Treasury are required to remove this. It will probably happen, but when?
2. Battery production incentives based on kWh of batteries produced. Idea is to have batteries produced in the US for EVs sold in the US instead of having them shipped in from China. Adds a lot of high paying jobs. Mostly in Red states. Could get cut, but there may (should) be opposition from some of the congressional reps in the states currently receiving the funding and the jobs.
3. Federal incentives to build battery plants and electric vehicle assembly plants. This is gonna be hard to get rid of. Please see the chart below. Should also note that vehicle assembly plants tend to have an incubator effect in the localities where they locate. Job support is in the range of 7 external jobs for every 1 assembly plant job. This extends to non-automotive “support” systems like bars and restaurants, barbershops and salons, and other service business that support the people that work at the plants and the supplier factories that also pop up around the vehicle assembly plants.

So here is how the spending of IRA funds for the 3rd item looks so far… Some congressional reps would be shooting themselves in the foot to support ending this part of the IRA.