Electric vehicles (EVs) are a large and rapidly growing part of the vehicle market. Commercial vehicle fleets in particular have the potential to speed the transition to zero emissions transportation that will create climate and economic benefits for the United States and the rest of the world.
• Electric vehicles are crucial for U.S. energy independence and cutting carbon pollution
• Because commercial vehicles are driven most, electrifying these vehicles is key to cutting transportation emissions
• The Inflation Reduction Act invests in commercial EVs, incentivizing electrification at USPS and fleets of commercial vehicles across the economy
• When businesses transition to electric vehicles they create an outsized impact on reducing emissions, bringing down energy cost, and making supply chains resilient to oil shocks
The Inflation Reduction Act (IRA) is the most significant investment in clean energy in U.S. history and includes more than $7 billion in commercial EV investment. Along with the bipartisan Infrastructure Investment Jobs Act, Congress and the Biden administration have made a strong start to fully electrifying public and private commercial vehicle fleets.
