The law also provides incentives to electrify heavy-duty vehicles like school buses, and includes support for the installation of residential, commercial, and municipal EV charging infrastructure. President Biden’s Inflation Reduction Act adds and expands tax credits for purchases of new and used EVs-helping bring the benefits of clean energy to communities across the nation. There are now more than three million EVs on the road and over 135,000 public EV chargers across the country. Because of President Biden’s leadership and historic investments, electric vehicle sales have tripled and the number of publicly available charging ports has grown by over 40 percent since he took office. competitiveness and create good-paying jobs. President Biden’s Investing in America Agenda is Unleashing a Manufacturing and Clean Energy Boom and Accelerating the Production of Affordable Electric VehiclesĪs part of President Biden’s goal of having 50 percent of all new vehicle sales be electric by 2030, the White House is announcing public and private commitments to support America’s historic transition to electric vehicles (EV) under the EV Acceleration Challenge. These commitments are part of President Biden’s Investing in America agenda to spur domestic manufacturing, strengthen supply chains, boost U.S. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.

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