Tracking the Post-IRA Boom in the US EV Supply Chain, 6-month update on US EV Supply Chain post-IRA, just how consequential for the U.S.
The Inflation Reduction Act is a grand experiment in how the U.S. government can accelerate the clean energy transition and spur the industrial sectors needed to support it. With a group of students, I’ve been tracking just how consequential the IRA has been for the U.S. electric vehicle industry. Six months in, we already have a lot to report.
The IRA takes that approach to a new level, expanding support for both the production and deployment of clean energy technologies. The Congressional Budget Office estimates that it will inject The IRA also encourages companies to invest in new domestic manufacturing facilities. The Advanced Energy Project Investment Credit Program offers $10 billion in funding to support a tax credit of up to 30% on new production facilities . $3 billion of that is allocated specifically to the Advanced Technology Vehicles Manufacturing Loan Program.
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