There's a $7,500 tax credit available for consumers who purchase electric vehicles (EVs). This is part of the Biden administration's much touted Inflation Reduction Act (IRA). But to qualify for this tax credit, both the EVs and consumers must meet certain requirements. What are these requirements and how important are they to the fight against green house gas emissions? Senior Vice President for Industry and Government Relations at Volkswagen Group of America, Anna Schneider walks us through the Inflation Reduction Act and the emissions targets set for automakers in the U.S.

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