The Inflation Reduction Act of 2022 will:

• Deliver a new consumer tax credit of up to $4,000 for middle-and lower-income people to buy used clean vehicles and up to $7,500 tax credit to buy new clean vehicles.

• Invest $3 billion to reduce air pollution at ports, including $750 million for the 10 Michigan counties that don’t meet national air quality standards.

• Invest $1 billion for clean heavy-duty trucks, including school buses and transit buses, of which $400 million is reserved for communities that don’t meet national air quality standards.

• Invest $3 billion to support projects that reduce pollution and improve access to safe and affordable transportation. This includes projects to retrofit transportation infrastructure like highways that have left communities divided.

Over the next five years, the Infrastructure Investment and Jobs Act will:

• Invest $110 million to support the expansion of an EV charging network, a critical element to accelerating the adoption of EVs to address the climate crisis and support domestic manufacturing.

• Deliver a portion of the $5 billion national funding for school districts to replace diesel-burning school buses with zero- or low-pollution school buses.

Since the Infrastructure Investment and Jobs Act was signed into law in November 2021, millions of dollars in electric vehicle investments have already been announced in Michigan:

• $198 million for public transportation programs to provide healthy, sustainable transportation options and replace thousands of dirty transit vehicles with clean, zero-pollution vehicles.

• $32 million for the Carbon Reduction Program to fund projects designed to reduce carbon pollution from on-road highway sources such as electrifying vehicles, constructing bus rapid corridors, and more.

• $16 million funding to expand electric vehicle charging infrastructure.

The Inflation Reduction Act of 2022 will:

• Bring an estimated $8.3 billion of investment in large-scale clean power generation and storage to Michigan by 2030.

• Provide $30 billion in tax credits to accelerate domestic production of solar panels, wind turbines, batteries, and critical minerals processing.

• Create a new $10 billion investment tax credit to build new manufacturing facilities for clean technologies such as electric vehicles, wind turbines, and solar panels.

• Spur domestic production with clean energy tax incentives, which could create up to 1.5 million jobs in 2030 and 9 million jobs over the next decade.

  • In 2021, nearly 120,000 Michiganders were employed in a clean energy industry.

  • A 2020 report found that federal clean energy stimulus investments similar to those considered in the Inflation Reduction Act would add almost 144,000 clean energy jobs in Michigan over five years.

• Offer 10 years of consumer tax credits to make homes more energy efficient, making heat pumps, rooftop solar, electric HVAC, water heaters, and electric appliances more affordable.

• Create a $1 billion grant program to make affordable housing more efficient.

• Lower energy costs for families in Michigan with estimates ranging from $300 to $1,800 in annual savings, according to independent analyses.

  • The average household could see between $1,025 in household energy costs including electricity costs, home energy, and transportation by 2030 compared to 2021.

• Invest $14 billion to lower costs for families and support good-paying clean energy jobs in rural communities and rural electric cooperatives to transition to cleaner energy.

Over the next five years, the Infrastructure Investment and Jobs Act will:

• Deliver a portion of the $3.5 billion national investment in energy efficiency and weatherization programs to reduce energy costs for American families.

Since the Infrastructure Investment and Jobs Act was signed into law in November 2021, millions of dollars in clean energy investments have already been announced in Michigan:

• $183 million for Weatherization Assistance Program to reduce energy costs for low-income households and $7.5 million to help prevent outages and make the power grid more resilient.