Clean Vehicle Credit

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

International Automakers' U.S. Green Vehicle Sales

  • Hybrids – 58 models offered
  • Battery Electric Vehicles (BEVs) – 20 models offered
  • Hydrogen Fuel Cell Electric Vehicles (FCEVs) – 3 models offered
  • Plug-In Hybrid Electric Vehicles (PHEVs) – 38 models offered

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).

Nearly 1.1M new green vehicles sold in 2023.
125 international automaker green vehicle models offered to U.S. consumers in 2023.
58% of U.S. market share were green vehicles in 2023.
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.