Surging US EV sales defy tax credit uncertainty
Investment in grid infrastructure must keep pace with growing EV fleet, conference delegates say
The potential end of a national tax-credit scheme for electric vehicles (EVs) in the US is unlikely to stall surging sales, but this rapid uptake will need to be matched by grid infrastructure investment to accommodate the growing EV fleet, according to industry insiders. The continuation of the EV tax credits—which grant up to $7,500 in tax breaks for plug-in EVs, and an additional $4,500 for vehicles made in America by unionised labour—is one of the provisions in the Build Back Better Act, a sweeping decade-long climate and social spending plan that is the centerpiece of President Joe Biden’s economic agenda. The legislation narrowly passed the US House of Representatives last November but
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist