• Data By State

    • Clean Vehicle Credit

    In the Inflation Reduction Act of 2022, consumer credits for green vehicles get a new treatment.

    How the Clean Vehicle Credit Works

    Summary

    The Inflation Reduction Act of 2022 alters consumer credits for green vehicles.

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    2022 Timeline

    2022 to early 2023 changes to consumer credits.

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    10-Year Timeline

    The changes will continue to unfold over the next ten years.

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    International Automakers' U.S. Green Vehicle Sales

    • Hybrids – 76 models offered
    • Battery Electric Vehicles (BEVs) – 42 models offered
    • Hydrogen Fuel Cell Electric Vehicles (FCEVs) – 2 models offered
    • Plug-In Hybrid Electric Vehicles (PHEVs) – 40 models offered

    International
    Automaker
    Green Vehicle Facts

    *Advanced technology vehicles (green) include all battery electric vehicles (BEV), hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and fuel cell vehicles (FCEV).

    1.9M
    1.9M new green vehicles sold in 2023.
    160
    160 international automaker green vehicle models offered to U.S. consumers in 2023.
    58%
    58% of U.S. market share were green vehicles in 2023.
    13
    13 states with international automaker green vehicle and battery manufacturing or R&D facilities.

    Optimising the IRA: Government Policy, EVs and the Giga Challenge

    Moderated by Jennifer Safavian, “Optimising the IRA: Government Policy, EVs and the Giga Challenge,” held during Benchmark’s Battery Gigafactories USA 2023, explored:

    • Understanding the global repercussions of the US Inflation Reduction Act to mobilise finance and investment at pace and scale.
    • Assessing mandates, subsidies and investment in green power and charging infrastructure to encourage battery value chain development. ·
    • The need for global & regional coordination, dialogue, transparency & consistency at state and federal level across all branches of US Government.

    Demystifying the Inflation Reduction Act

    During the 2023 Automotive News Congress event, Jennifer Safavian participated in a panel titled “Demystifying the Inflation Reduction Act.” Jennifer, along with other industry experts, discussed the challenges and opportunities associated with the Inflation Reduction Act.

    Learn More About Our Advocacy Efforts

    Jobs

    Autos Drive America is committed to advancing smart policies that support job growth throughout the automotive industry and enable a robust, well-equipped workforce to thrive.

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    Trade

    The success of the U.S. automotive industry depends on its performance on the global stage – where the free exchange of goods isn’t just beneficial; it’s essential to progress, economic growth, and innovation.

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    Growth

    Autos Drive America advocates for policies that will sustain growth, spark innovation, and promote good-paying, career-path opportunities.

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