Sources and links on page 204 (7)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
- https://www.energy.gov/lpo/inflation-reduction-act-2022
- https://www.congress.gov/bill/117th-congress/house-bill/5376/text
- https://www.whitehouse.gov/wp-content/uploads/2022/12/Inflation-Reduction-Act-Guidebook.pdf
- https://www.cbo.gov/system/files/2022-08/hr5376_IR_Act_8-3-22.pdf
- https://home.treasury.gov/news/press-releases/jy1128
- https://home.treasury.gov/news/press-releases/jy1179
- https://www.irs.gov/inflation-reduction-act-of-2022
Text on page 204
Description
Estimated Value ($ Billion)
30D: Clean Vehicle Tax Credit
Up to $7,500 for new EVs, $4,000 for used Material sourcing requirements, EV price cap, and consumer income limits
45W: Commercial EV Tax Credit
Eligible for tax credit equal to 30% of the vehicle cost
30C: Alternative Fuel Vehicle Refueling Infrastructure Tax Credit
Individual: Lesser of $1K or 30% of the installed cost Commercial: Maximum incentive for project is 30% up to $100K
45X: Advanced Manufacturing Production Credit
$35/kWh for cells, $10/kWh for modules Production in US or US possession Phase out starting in 2029, reducing by 25% each year
Includes technologies, components, materials for EVs, and associated charging or refueling infrastructure Also applies to processing, refining, or recycling
Postal Service Vehicle Electrification
$1.3 billion for vehicles, $1.7 billion for supporting infrastructure
Loan Programs Office
Increases existing and new loan authorities by up to $350 Billion
Advanced Energy Project Tax Credit
Policy Source: Inflation Reduction Act (H.R.5376) IRA Guidebook Congressional Budget Office Analysis Treasury (Nov), Treasury (Dec) & IRS Guidance
Volta Foundation
Extracted from the PDF; charts and images may read imperfectly.
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