Inflation Reduction Act 2024 Cost

Inflation Reduction Act 2024 Cost. In 2024, the average annual premium payment would have been $1,593, but instead was $888 because of the inflation reduction act subsidies, which average $705. Even with the inflation reduction act a year and a half old, the cost of the ev credits is highly uncertain.

Since january 2024, more than 250,000 americans have claimed the inflation reduction act’s ev tax credits—either $7,500 off a qualified new electric vehicle, or up to $4,000 off a qualified. The new bill makes the largest investment in combating climate change in u.s.