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Moving To Electric Vehicles Will Dull Recessions Currently Inflated By Oil Markets

30 Aug 2022 | Abstracted from Electrek

"A recession is almost always following or during rising oil prices. It makes complete sense: If more money is spent on a fixed cost (gas), then less is available to be spent on other areas of the economy, resulting in a contraction.

"It will take some investments to strengthen the energy grid and supporting infrastructure to make this a reality, precisely what the Inflation Reduction Act (IRA) aims to do."



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