INSIGHTSSERIES
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September 9, 2024
U.S. Invests Billions to Accelerate Shift Toward Zero-Emission Transportation
Federal incentives and state programs enable substantial investments to support zero emission vehicles and related infrastructure.
The U.S. is accelerating its transition to clean transportation through substantial investments to expand the electric vehicle (EV) charging network and support…Read the full report
Key Takeaways
- The number of publicly available EV chargers in the U.S. has doubled since 2021, according to the U.S. Energy Department.
- Since the start of 2024, consumers have saved more than $1 billion from the Inflation Reduction Act's electric vehicle tax credits, according to the U.S. Treasury Department.
- The Biden administration has allocated $1.7 billion to convert auto manufacturing and assembly plants for electric vehicle production and supply.
