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Sen. Markey says there’s ‘no reason’ Americans can’t buy EVs under Inflation Reduction Act
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Sen. Ed Markey, D-Mass., touted the controversial Inflation Reduction Act by claiming Americans will now have "no reason" not to buy an electric vehicle.
Speaking at a climate change event in Boston on Monday, Markey celebrated the Senate’s passing of the bill, which includes a tax credit worth up to $7,500 for buyers of new all-electric vehicles and hybrid plug-ins that meet certain criteria.
"For me, this is an incredible moment," Markey said. "We are going to ultimately say to the American people: there's no reason why you have to pay 4 or $5 a gallon for gasoline when you can have an all-electric vehicle that averages 75 cents for your payment for your all-electric vehicle to be able to move you anywhere you want in our state or in our country."
"And we put in for the first time a $4,000 tax break for used electric vehicles so that we lower the income level for those who can’t afford it, because most people buy used cars in our country not brand-new cars," he added.
DEMOCRATS' INFLATION REDUCTION ACT COULD MEAN LOWER WAGES FOR MILLIONS OF AMERICANS