The Democrats’ newest climate deal includes $40 billion in tax credits to accelerate U.S. manufacturing of EVs and the batteries needed to power them.

Electric cars are parked at a charging station in Sacramento, Calif., Wednesday, April 13, 2022. California wants electric vehicle sales to triple in the next four years to 35% of all new car purchases. Regulations passed Tuesday, April 12, 23022, by the California Air Resources Board set a roadmap for the state to achieve California Gov. Gavin Newsom's ambitious goal of phasing out the sale of new gas powered cars. The draft must go through a months-long state regulatory process and get approval from the U.S. EPA. (AP Photo/Rich Pedroncelli)

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