A Progress Report on the Inflation Reduction Act Shows Electric Vehicle Adoption Is Going Well. Renewable Energy Deployment, Not So Much
Energy researchers and modelers projected expected greenhouse gas (GHG) emission reductions associated with the Inflation Reduction Act when it was passed into law in 2022. They predicted by 2030 there would be 37-42% reduction from 2005 GHG levels. 18 months after the law’s passage, some of the same researchers issued an updated report on progress in the transportation and electric power sectors to see if their projections are still on track. The findings are that while the electric vehicle adoption is at the higher end of their expectations, renewable energy deployment has fallen short. Read more about the issue and its implications in this article: https://insideclimatenews.org/news/22022024/inside-clean-energy-electric-vehicle-adoption-going-well-renewable-energy-deployment-not-so-much/ by Dan Gearino for Inside Climate News.