and they talk about the energy factor, if it is 10 below zero to try to get those going. host: was there an incentive or a rebate in the state of minnesota for buying it when you got it? caller: not at all. host: host: thanks for calling. in terms of the electric vehicle tax credit, he said you did not know about whether the one person said about used cars. but help us to find -- what does the law say about which foreign cars can be taken advantage of, can be used? which once can one purchase and still get the credit? what is the stipulation? guest: my understanding is they need to be a trade partner with the u.s..

that is the extent of my understanding. i know over time in terms of domestic manufacturing overall, not just specific to electric vehicle tax credits, over time the restrictions will get tighter. it will only bring the requirements to mainly u.s. companies is my understanding. host: you said we won't know a lot of the dates until the filing season happens. what stories are you going to be following? guest: we are looking to see the project announcements. we know it is not necessarily in light of the inflation reduction act but as we continue to announce the years passed, we will know how much and how valuable these incentives will be for companies as they make announcements. host: erin slowey is the corporate tax reporter for bloomberg taxes,gton journal" continues. host: call this week here on "washington journal," we will be

taking a look at the inflation reduction act. it has been when years and's president biden sign that into law and we are looking at different provisions of the climate legislation this week and their effect on areas like clean energy, job creation, electric vehicles and agriculture. to kick us off, we are joined by robinson meyer, the founding executive editor of heat map news and is here to talk about the clean energy provisions in the inflation reduction act and more. york news outlet, what you focus on? guest: we are a new media company were founded earlier this year, focused on what we believe is the biggest story in the world, climate change and energy. we focus on this great decarbonization story that is happening across every country, across every continent and the political and cultural fallout

and ecological fallout. you can find us at heat map. news. host: how are you guest: single investor we are suspicion based. one of the decisions we made as a news outlet is with digital media, the best way to align our incentives and the best way to align how we work as a media company is to get most of our revenue from them. and it's an $80 annual subscription and eight dollars monthly subscription and we think having a pay wall, a digital subscription is the best way for us to reach our readers. host: on a typical day, what are you reporting on? guest: i cover the policy and politics of energy transition. we might have a new review of an electric vehicle or a story about a court case or a law that goes through congress that will

affect energy for the oil market or the. -- solar or wind market. whenever there is a large wildfire like earlier this year with the huge canadian smoke storms hitting the united states , we are covering those things. one thing that i admire about her coverage is that some weather coverage now we try to be quite honest with readers about this factor of this disaster probably had something to do with climate change or another factor didn't. we know disasters like this are becoming more common. host: there are several things this morning about the wildfire in maui and also the step-by-step guide to wildfire evacuation. we will talk about and focus on

the climate provisions in the inflation reduction act. what was the intent a year ago? guest: when we look at the energy provisions in the inflation reduction act, the first was to me america's target under the paris agreement which is to cut u.s. emissions in half by 2030. the law by itself doesn't quite get his there but it gets us close. the second is to revitalize u.s. manufacturing and the u.s. have advanced competitiveness with china which is a focus of a number of biden administration policies including the bipartisan infrastructure law and the chips act but was also a goal of the ira. the third goal and this encompasses the others but it was to give the united states a climate policy and to give us a starting place from which we could build what the rest of our

decarbonization plan and policy would look like. it's important here to step back and say climate policy, climate change became a political issue let's say in 1988 when scientists first alerted the senate that climate change was happening. there was a big u.n. conference in 1992 but for the next 30 years, the united states really did not have not even a climate policy, we didn't have a plan or any way we had to reduce our carbon emissions. we had no consensus on how to go about doing this. with the ira did was create a framework for tax credits r&d grants and a slew of different physical tools to give us a climate policy. that in some cases is a curse but that's the biggest thing was to have america be able to be a part of his global climate transition and for us to stop

being a retro great actor. host: to get to the climate policy in the biden administration, it had to be a vehicle known as the inflation reduction act. guest: exactly, all the tax credits and all the subsidies in the law, those are all focused on this goal of reducing emissions by 2030. host: let's look at the provisions and i will start with the $10 billion in tax credits to build electric vehicles, solar panels and wind turbines. after a year, where are we? guest: where we really see the text credit taking hold is in manufacturing. since the law passed, there have been 51 new factories for solar alone open in the u.s.. it's all the parts of the solar supply chain, transformers and all the tools you need. we are a think we are early is

seeing that money trickle through bringing electricity to the grid. last year, all the decisions for -- preceded the inflation reduction act. wind or solar or zero carbon was the focus last year and i expect that to rise in the years a come but we are not there yet. host: and that bill signed last year, $7,500 tax credit or tax rebates for buying an electric vehicle. have americans bought into that? guest: it depends are -- where you are looking. what's interesting about how it works is that it is divided into two parts and it's only for first vehicles made in the united states. then it -- then you get half of it if you refine the minerals of

the batteries in the united states in the second half is enough of the battery was manufactured in the u.s., the rising percentage over time. again, we are seeing some pickup in the ev market but the goal of that provision which was shaped by senator manchin was to build a u.s. tv manufacturing base and i think we have definitely seen a response there. since the law started, i think 61 new electric vehicle manufacturer facilities are in the u.s. in 56 billion dollars of investment. host: our guest is the founding executive editor of heat map news. we are talking about the inflation reduction act, particular the climate provisions and some of the provisions that have been implemented over the past year and we welcome your calls and comments that the republican

line (202) 748-8001, (202) 748-8000 democrats line and all others, (202) 748-8002. on the electric vehicle tax credits. at the time or shortly thereafter, number of foreign car manufacturers were concerned they were being shut out of the american market because of the tax credits. has that been resolved? guest: it has been somewhat resolved. in some cases, the foreign manufactures just opening factories in the united states they say we have to play along so a have to open factories here. another provision is a $7,500 credit for releasing an electric vehicle. -- four leasing an electric vehicle. any ev will qualify.

i believe hyundai or maybe vw, there electric vehicle sales are happening through leasing. host: there is a $20 billion loans available for promoting electrical vehicle manufacturing. there were battery factories being built in this country. it happened in states like georgia and alabama with huge battery manufacturing. did those plants start because of the provision or are they benefiting from the provision? host: guest: i would say both. we saw some electric vehicle manufacturing facilities opening in the years before the ira. there has been explosion since the ira.

in terms of manufacturers using the credit, ford is opening a large facility in conjunction with battery manufacturing. that facility is going to be entirely paid for by one kind of government support or another including large-scale loans through the ira or other loans. host: in your reporting, where have american consumers receive the biggest benefit out of the climate provisions? guest: so far, american consumers have probably seen the biggest benefit through the ev leasing provision and through the ev provisions broadly. in the years to come, they will probably see the biggest benefit for renewable tax credits through what i would say many folks associate with meeting electric prices and it will be

your dish easier to install renewables. host: our american utilities -- utility companies benefiting from this by converting to clean energy? guest: but they are also fighting it. at the same time, the law has set up subsidies and tax credits to build out renewables and other electricity, the environmental protection agency is trying to put down rules that will actually force companies to do that. many fighting those euros but many utilities are already committed to a zero target either eliminating all carbon omissions from their electricity by 2040. host: what states have done follow on provisions or laws of their own in the wake of the passage of the climate provision? guest: we have seen some policy in blue states