Make carmakers great again
The Inflation Reduction Act provides Americans with a tax credit of up to $7,500 when they buy an electric car.
$50000
Min. investment
Conservative
Asset class
20%
20%
20%
20%
20%
The US aims to achieve a 40 percent reduction in greenhouse gas emissions by 2030. And from 2035, cars with internal combustion engines will no longer be sold at all.
The Inflation Reduction Act provides Americans with a tax credit of up to $7,500 when they buy an electric car. But not all manufacturers will benefit from the loan. New vehicles starting at $55,000 and starting at $80,000 for pickups and SUVs will not qualify for credits.
Who will win?