Contact: Noah Barnes, Electrification Coalition
email@example.com, (202) 461-2371
WASHINGTON—On Friday, the House of Representatives passed the Inflation Reduction Act of 2022, which includes vital funding for projects related to transportation electrification.
Electrification Coalition Executive Director Ben Prochazka issued the following statement:
“We must accelerate transportation electrification in the U.S. and we are excited that the Inflation Reduction Act of 2022 has passed and will soon become law. Many of the priorities that the Electrification Coalition has been advocating for for years are reflected in this bill, including a long-term extension of the light-duty EV tax credit, incentives for medium- and heavy-duty EVs, incentives for charging infrastructure, incentives that will support electrification in historically disadvantaged communities, important funding to electrify the postal service, and funding for EV manufacturing and supply chains.
“While some requirements for the light-duty tax credit may cause challenges in the short term and we would have preferred a more gradual phase-in, the extension of this credit through 2032 sets the United States up for successful long-term growth of the EV market. The current federal EV tax credit is already not available for some of the most popular EV models on the market and would have soon ended for many other models. Extending this credit for another decade will greatly ease the EV transition for millions more Americans.
“Transitioning away from oil’s monopoly on U.S. transportation is vital to our economic, climate, and national security. Passing the transportation electrification measures in the Inflation Reduction Act is another important step that will make the United States stronger, cleaner, safer and more energy independent.”
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About the Electrification Coalition: The Electrification Coalition is a non-partisan, not-for-profit group committed to promoting policies and actions that facilitate the deployment of plug-in electric vehicles (EVs) on a mass scale in order to combat the economic, public health, and national security dangers caused by America’s dependence on oil. The EC works with a variety of stakeholders that represent the entire electrified transportation value chain, positioning the organization as a dedicated rallying point for an array of electrification allies. For more information, visit electrificationcoalition.org.