Inflation Reduction Act

The first American-made Polestar EVs are now on the road. The Swedish automaker said on Friday it delivered the first Polestar 3 SUVs to US and Canadian customers. The Inflation Reduction Act, signed by President Biden in 2022, incentivizes automakers to manufacture EVs in the US, offering tax credits for companies and buyers.Polestar began stateside Polestar 3 production in August at its Ridgeville, South Carolina plant. Those vehicles will serve North American and European markets, complementing the company’s more established production in Chengdu, China. Tim Stevens for EngadgetThe automaker says American and Canadian Polestar 3 deliveries will pick up steam…