Energy & Environment
The Electrification Backlash
February 13, 2023 | Bill Kramer
The “electrification of everything” movement has scored key victories of late. Last year’s Inflation Reduction Act provides billions of dollars in incentives and investments to electrify vehicles, buildings, and homes, including energy storage, heating, and stoves. And carmakers are accelerating their plans to go all-in on electric vehicles. But as policymakers become more aggressive in their electrification push, some lawmakers are beginning to push back (introduced legislation in Wyoming and Missouri are examples of this). The biggest fear for fans of electrification is that anti-electrification becomes a rallying cry for conservative lawmakers and gets wrapped into the anti-ESG movement that continues to expand this year.
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