EV sales in the US are growing
Surging US EV sales defy tax credit uncertainty
Investment in grid infrastructure must keep pace with growing EV fleet, conference delegates say
The potential end of a national tax-credit scheme for electric vehicles (EVs) in the US is unlikely to stall surging sales, but this rapid uptake will need to be matched by grid infrastructure investment to accommodate the growing EV fleet, according to industry insiders. The continuation of the EV tax credits—which grant up to $7,500 in tax breaks for plug-in EVs, and an additional $4,500 for vehicles made in America by unionised labour—is one of the provisions in the Build Back Better Act, a sweeping decade-long climate and social spending plan that is the centerpiece of President Joe Biden’s economic agenda. The legislation narrowly passed the US House of Representatives last November but
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
