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Inflation Reduction Act gives truck electrification a dose of adrenaline

Environmental Defense Fund·@HashtagPLUS·about 1 month ago
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By Sarah Ryan The Inflation Reduction Act — the most consequential U.S. climate law ever — will provide a historic jolt to the electric car market. But the incentives of the law will reach beyond the Teslas, Mustang Mach-Es and Ford F-150 Lightnings that will get a significant boost through tax credits and charging infrastructure funds to expand the adoption of passenger electric vehicles across the country. The medium- and heavy-duty truck industry that drives our economies has been heading toward an electric transformation for several years: An EDF analysis found nearly 200 fleets have made commitments to deploy or have deployed zero-emission trucks — a nearly 1,100% increase since 2017. A Wood Mackenzie analysis expects the number of electric trucks on U.S. roads to jump from around 2,000 in 2019 to more than 54,000 by the end of 2025. A study by Roush Industries found that electric trucks will become less expensive to purchase and to operate than their combustion engine counterparts by 2027.…

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