Most of the clean-energy investments spurred by the Biden administration's signature Inflation Reduction Act are going to Republican-leaning states.

Tesla's recent price cuts and the chaotic implementation of President Biden's new tax credits for electric vehicles obscure a bigger picture: the shift to EVs in America is getting serious. With more and more people making the switch to electric vehicles, it's clear that this is the future of transportation. Tesla is leading the way in this transition, and with the introduction of new, more affordable models, it's only going to continue to grow in popularity.

Electric vehicle sales in the United States increased by two-thirds in 2022, while the overall auto market shrank. This is according to new year-end figures that show traditional automakers are releasing more and more plug-in models, eating into Tesla's dominant market share.

The U.S. auto industry is experiencing a boom in factory construction, driven by the shift to electric vehicles and new federal subsidies for battery manufacturing.