Contact: Noah Barnes, Electrification Coalition
email@example.com, (202) 461-2371
WASHINGTON—On Sunday, the Senate 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:
“Transportation electrification is vital to reducing the economic, national security, and climate impacts that stem from oil’s stranglehold on our transportation system. With Americans paying high gas prices and Russia waging war on Ukraine using funds from oil, the time is now to diversify how we power transportation by plugging in and powering our vehicles with domestically-produced electricity.
“By passing the Inflation Reduction Act of 2022, the Senate is taking decisive action to end the monopoly that oil has on our transportation systems by accelerating electrification of our transportation system. We applaud Senators Schumer and Manchin for negotiating this deal and passing the bill.
“The measures included in this bill, including a long-term extension of the light-duty EV tax credit, the creation of new tax credits for medium- and heavy-duty EVs, and funding for EV manufacturing and supply chains, will boost our economy, increase U.S. manufacturing, and protect our energy security. While we would have preferred to see a more gradual phase-in of the minerals requirements for the light-duty tax credit, by uncapping and extending it through 2032, this bill will help the long-term growth of the EV market.
“As the world transitions to electric vehicles, the passage of the Inflation Reduction Act of 2022 ensures that the U.S. does not fall behind.”
# # #
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.