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Inflation Reduction Act 2024 Pdf 2024. Inflation reduction act of 2022 provides a model. 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. Two years ago today, president joe biden signed the inflation reduction act, the biggest climate bill in american history. President joe biden on wednesday marked the first anniversary of the inflation reduction act by laying out the steps he’s taken to tackle climate change,.