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So you’re in the market for an electric vehicle? Here’s how the new federal and Mass. laws will help

Economy And Jobs,Electric Vehicles,Technology,Business,Taxes,Inflation Reduction Act,Infrastructure,Domestic Policy,Economic Policy,Transportation

From the Center
Analysis

August has been a big month for the environment. At the national level, President Joe Biden signed the Inflation Reduction Act, which allocates over $360 billion to help fight climate change. And more locally, Gov. Charlie Baker signed a sweeping state climate and clean energy bill into law.

Both laws cover a lot of ground. But one notable commonality is the emphasis on getting more electric vehicles on the road. To help make this happen, the laws establish tax credits or rebates for consumers — you don’t have to choose one, you can take advantage of both — as well as mandates and incentives for building charging infrastructure.

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