The passage of the Inflation Reduction Act (IRA) in 2022 signaled a turning point in EV adoption by providing incentives for passenger and commercial vehicles, domestic battery production, and charging infrastructure development.
Governments, policymakers, businesses, and utilities will need to work together closely to realize the full potential of the IRA. They’ll need to focus on:
- Establishing a circular, diverse, and ethical battery supply chain;
- Providing greater charging availability; and
- Investing in grid modernization to power electric medium- and heavy-duty trucks.
RMI’s report How Policy Actions Can Spur EV Adoption in the United States, provides stakeholders with the analysis they need to make data-informed decisions, detailing the challenges facing IRA implementation and ways forward.
