EDTA statement on first anniversary of the Inflation Reduction Act (IRA)

Electric Drive Transportation Association (EDTA) President Genevieve Cullen issued a statement to mark the one-year anniversary of the Inflation Reduction Act being signed into law.

“With the Inflation Reduction Act (IRA), the Biden Administration and U.S. Congress presented a bold vision for accelerating electric drive transportation. One year since the historic legislation was signed into law, the Electric Drive Transportation Association (EDTA) is encouraged by its impact on the nation’s transition to e-mobility and promise of cleaner air, more livable communities and economic growth,” said EDTA President Genevieve Cullen.

“The unprecedented federal investments in the IRA are reinforcing the billions in private investments throughout the EV value chain. They have already spurred critical development across the country, including over 100 EV and battery projects and contributing to the creation of more than 57,000 American jobs to date,” Cullen continued. “The transition to e-mobility is advancing rapidly but we have more work to do to build the EV ecosystem and U.S. leadership in the global marketplace. EDTA is working with policymakers and regulators to ensure that implementation of the IRA effectively unlocks the law’s full potential to secure the benefits of electrification for consumers, communities, and the nation.”