Musing of the Moment: Thirty Years Too Late & EV Rebates

As much as I'm happy the "Inflation Reduction Act" is getting passed and finally addresses the need for action on climate change, a bill such as this should have thirty years ago. 

The planet is not waiting around with its negative feedback loops happening at the poles as recounted in The Washington Post: "Climate Change's Impact Intensifies as U.S. Prepares to Take Action."  

The best takeaway from the research is what the lead author of the study, Peter Reicher, has to say: "Reich called the Inflation Reduction Act a 'good first step' but added that 'even in the most optimistic scenario, there’s going to be a lot of pain and suffering. It’s going to take an economic toll on poor and rich alike in the future,' he said. 'We shouldn’t pat ourselves on the back and say, ‘Mission accomplished.’"

I like the bill's incentives for people to purchase electric vehicles, but analysis shows that the point-of-sail rebates won't take effect until next year. 

I worry that these rebates are going to provide incentives for dealers to jack up prices (they're car salesmen, after all), but $7,500 off when you buy one is nice. 

The bill has made me take a look at some EVs such as the Nissan Leaf and the Ford F-150 Lightning. People with more spending power than me might makes some changes, I hope, in 2023.