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The Daily

Biden’s Electric Car Problem

The Daily

The New York Times

Daily News, News

4.4102.8K Ratings

🗓️ 16 November 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

A little over a year ago, at President Biden’s urging, congressional democrats passed a sweeping plan to supercharge the production and sale of electric vehicles. Jim Tankersley, who covers economic policy for The Times, explains whether the law is actually working.

Transcript

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0:00.0

From New York Times, I'm Michael Boboro. This is the Daily.

0:05.0

A little over a year ago at President Biden's urging, Congressional Democrats passed a sweeping plan to

0:21.0

supercharge the production and sale of electric vehicles.

0:26.5

Today, my colleague Jim Tankersley

0:29.7

reports on whether the law is actually working.

0:34.0

It's Thursday, November 16th.

0:44.0

Jim, it's always a pleasure.

0:47.0

Jim, it's always a pleasure.

0:52.0

Thank you as always for having me. Jim is always a pleasure.

0:53.0

Thank you as always for having me.

0:55.0

So we're coming to you because you have been engaged in some old-fashioned accountability journalism.

1:01.2

You've been trying to understand whether President

1:04.1

Biden's signature climate bill is doing what it was designed to do. So tell us what you

1:11.9

found.

1:13.3

I found a lot.

1:14.4

So the climate bill, which you might recall

1:16.9

was called the Inflation Reduction Act.

1:18.9

The Inflation Reduction Act

1:20.1

invest $369 billion to take the most aggressive action ever, ever, ever, in confronting the climate

1:30.7

crisis.

1:31.7

It's the biggest climate investment in American history. the climate

1:33.0

investment in American history.

...

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