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

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).

1.1M
Nearly 1.1M new green vehicles sold in 2023.
125
125 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.