LANSING, Mich.— Earlier today, President Biden signed the Inflation Reduction Act of 2022, the single largest clean mobility investment in the country’s history. This budget reconciliation plan funds several clean mobility projects and incentive programs including an extension of the light-duty electric vehicle tax credit, a new commercial clean vehicle program, domestic manufacturing grant programs, and tax credits for biofuels, among others.
Clean Fuels Michigan celebrates this significant investment in the clean transportation industry as it will provide cleaner air and water, create jobs, and continue our legacy as the home of automotive innovation.
“The electric vehicle tax credits in this legislation will benefit Michigan consumers who want to avoid costly trips to the gas pump and do their part in reducing harmful pollution by joining the EV revolution,” said Jane McCurry, Executive Director, Clean Fuels Michigan. “Michigan also stands to gain a significant number of jobs as our state’s manufacturing infrastructure and know-how ideally positions us to build the EVs, batteries, and chargers that will power our clean mobility future.”
“Support from the Inflation Reduction Act is critical to advancing clean transportation; it will lead to the development of much needed infrastructure and highly skilled jobs for Michigan and beyond. This legislation helps guarantee greater environmental sustainability for future generations and we commend Congress for moving it forward,” said Matthew Bloom, Director of Strategic Partnerships at AmpUp.
“Navistar and the transportation industry are making significant investments to accelerate the impact of sustainable mobility. Passage of the Inflation Reduction Act provides the certainty for industry and local communities to make the necessary investments to enable the technology transition. Implementation of the Clean Heavy-Duty Vehicle Program and Clean Commercial Vehicle Tax Credit will provide financial incentive for customers to be early adopters of the transition to zero emissions” said Jacqueline Gelb, Vice President of Government Relations at Navistar.