Gas Tax and Electricity Hikes Inside Inflation Reduction Act

The Inflation Reduction Act of 2022, passed the Senate on Aug. 9, 2022. Inside the $430 billion bill promoting deficit reduction and climate change, is an increase in your gas taxes. With gas averaging more than $4.00 per gallon across the country, and only weeks removed from record-high prices, this act includes a 16.4 cents-per-barrel tax on crude oil and imported petroleum products that will be passed on to consumers in the form of higher gas prices. The tax hike will affect you - even if you own an EV. If you have additional questions, put them in the comments below and I'll be happy to answer.

00:00 #Gas #Tax and Electricity Hikes Inside #Inflation Reduction Act
01:03 EV and electric tax
01:42 Inflation Reduction Act and EV credits
02:07 Most EV models don't qualify
03:01 China - rare earth minerals
03:24 used EVs
04:00 The facts

⬇️. Check out our new podcast on all platforms:
Total Car Score ► https://www.revolverpodcasts.com/shows/total-car-score/
with Lauren Fix, @KarlBrauer, and @JavierMota.

⬇️ Social media:
Twitter: ► https://twitter.com/laurenfix
Facebook: ► https://www.facebook.com/Lauren.Fix.The.Car.Coach
Instagram: ► https://www.instagram.com/laurenfix/
MeWe: ► https://mewe.com/i/laurenfix
CloutHub: ► https://clouthub.com/laurenfix
Parler: ► https://parler.com/user/LaurenFix
Gab: ► https://gab.com/LaurenFix
Truth Social ► @laurenfix
Substack: ► https://carcoachreports.substack.com/
Truth Social - @laurenfix

⬇️. SUPPORTING US here: https://www.patreon.com/CarCoachReports

⬇️ Website: CAR COACH REPORTS - car reviews, expert advice, and Car Smarts:
► https://www.CarCoachReports.com in English and Spanish

⬇️ Get My Book: ** Lauren Fix's Guide to Loving Your Car ► https://amzn.to/3ifDi3j

⬇️ Free Monthly Newsletter - Car Reviews & Saving Secrets: ► https://bit.ly/3k0P0AS

⬇️. See more Car Coach Reports
Auto News & Car Reviews - https://www.carcoachreports.com
Breaking News ► https://twitter.com/laurenfix
Auto Education ► https://carsmarts.com
His Turn - Her Turn™ Car Reviews - https://histurnherturn.com/

SUPPORT INDEPENDENT CREATORS
The Fix Family has taken generations of passion, pride & automotive expertise to create unique auto products & books that will keep you, your family & cars safer and running better for years to come.

⬇️ Our Gear ► https://kit.co/CarCoachReports/our-studio-kit

Music by subscription: Epidemic Sound
©Automotive Aspects, Inc., 2022. All Rights Reserved.

cnbc, alliance for automotive innovation, us economy