Biden Administration Rolls Out Final Clean Vehicle Provisions Intended to Implement the Inflation Reduction Act
WASHINGTON, D.C. – The U.S. Department of Treasury and the Internal Revenue Service today rolled out final rules on the clean vehicle provisions of the Inflation Reduction Act (IRA). The rules will lower the cost of electric vehicles for consumers and spur a boom in clean vehicle manufacturing. Deanna Noël, climate campaigns director with Public Citizen’s Climate Program, issued the following statement:
“With demand for electric vehicles climbing and more certainty around clean vehicle tax credits, U.S. automakers must heed the call: Now is the time to ramp up manufacturing of economy-sized, lower-priced electric vehicles to put them in reach of more American families and compete with global competitors.
“The final rule on the clean vehicles provisions of the IRA demonstrates a continued commitment by the Biden Administration to clean up the transportation sector and incentivize the transition to a zero-emissions future. Transportation electrification represents a huge opportunity to cut pollution and spur a just transition with good-paying, union jobs in auto manufacturing and supply chains.”
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