Trucking Regulations - General
U.S. Regulations
Below is a listing of general or non-specific regulations that are approved or pending, as well as their potential impact on the market.
| Regulation | Status |
|---|---|
| Infrastructure Investment and Jobs Act (aka INVEST in America | The infrastructure Investment & Jobs Act became law on November 15, 2021. The bill is a $1.2 trillion package, with $550 billion going towards investments in transportation and utilities. Some of the key funding highlights are: - $7.5 billion to expand US EV charging network (no guarantee of how many chargers will be suitable for HD trucks); - $5 billion to aid schools and school transportation services to buy electric and low-emission school buses, to be distributed in grants and rebates up to $1 billion/year - half dedicated to EVs; - more than $9 billion towards investment in hydrogen with some focus on H2 as a transportation fuel; - more than $5.5 billion toward clean and low-emission transit buses and their facilities; and - more than $3.5 billion toward the battery industry for processing, manufacturing, and recycling. |
| Inflation Reduction Act of 2022 | The Inflation Reduction Act (IRA) was signed into law by President Biden on August 16, 2022. The IRA is a significant action that includes around $370 billion over 10 years for climate and clean energy programs, as well as incentives and funding for ZEVs. In addition to incentives for clean energy production and US clean energy, infrastructure, and component manufacturing, the IRA includes, among other things, the following highlights: - credit (up to $40,000) for the purchase of clean commercial vehicles; - a clean hydrogen production credit, up to $3.00/kg on how "clean" the hydrogen production process is; and - an alternative fuel refueling property credit for electric, hydrogen, natural gas, and ethanol refueling equipment |