Trucking is bracing for the big switch to EVs with Inflation Reduction Act support
The Inflation Reduction Act may not do much to reduce inflation, but it is the largest piece of legislation and effort by the U.S. government to battle climate change. The bill will raise $738 billion and authorize $391 billion in spending to reduce climate change’s impact - including investing in projects that deploy clean energy technologies.
The IRA also promotes domestic EV battery manufacturing in a large way, funneling major tax credits in support. Fleets across the country are reading the writing on the wall: electric vehicles and hydrogen fuel are the future of the industry and it’s time to start the change.
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