PBS Interview: A look at the economic impact and progress of Biden’s Inflation Reduction Act so far
Updated: Nov 14, 2024
FORBES: Inflation Reduction Act Two Years Later: Clean Manufacturing Investment Boom
In June 2023, Canadian Solar announced they would create 1,500 jobs and invest over $250 million into a Mesquite, Texas facility. With an annual output of 5 gigawatts (GW) of solar modules, or approximately 20,000 a day, the Inflation Reduction Act (IRA) spurred Canadian Solar to set up their first manufacturing facility in the U.S. “We are…excited to see the Inflation Reduction Act, or IRA, in the U.S. coming into effect. We believe it will drive a big acceleration in demand for clean energy, especially for solar energy and battery storage," said Dr. Shawn Qu, Chairman and CEO of Canadian Solar in September 2022.
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FORBES: Charging An Electric Vehicle Is Cheaper Than Filling A Gas Tank Everywhere In America
Few things are more traditionally American than packing the car and taking a road trip – that’s still true today, as more than 75% of Americans say they’ll take a road trip this summer, often planning months in advance. But one thing they can’t plan ahead of time how much fuel will cost.
Gas prices, like all volatile fossil fuels that are traded on a global market, remain highly unpredictable. And those volatile gas prices can cause pain at the pump: In 2022 the average summer (June-August) gas price was $4.60/gallon, in 2023 it was $3.78/gallon, and so far in 2024 gas prices are already up 12% from their January low of $3.20/gallon.
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All posts
- PBS Interview: A look at the economic impact and progress of Biden’s Inflation Reduction Act so far Sep 21, 2024
- FORBES: Inflation Reduction Act Two Years Later: Clean Manufacturing Investment Boom Aug 26, 2024
- FORBES: Charging An Electric Vehicle Is Cheaper Than Filling A Gas Tank Everywhere In America Jul 29, 2024
- FORBES: 2024 Could Be The Year For American Lithium Apr 14, 2024
- FORBES: In 2023, The United States Started Building Big Again, Thanks To Biden’s Inflation Reduction Act Dec 26, 2023
- WSB: Seen the signs? Here’s who’s proposing a ‘Highland Park Public Transformation Plan’ and why Nov 3, 2023
- How SCA Can Help Your Port Access Federal Funding for Infrastructure Projects Jul 28, 2022