Electric Vehicles and Public Transit

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

  • Invest more than $3 billion to improve public transportation across the state to provide healthy, sustainable transportation options and replace thousands of dirty transit vehicles with clean, zero pollution vehicles.

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

  • Invest $468 million to improve public transportation across the state to provide healthy, sustainable transportation options and replace thousands of dirty transit vehicles with clean, zero emission vehicles

  • Invest $37 million to support the expansion of an EV charging network in Nevada, 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 busses with zero- or low-pollution school busses.

• 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 Nevada:

  • $90 million for public transportation programs to provide healthy, sustainable transportation options and replace thousands of dirty transit vehicles with clean, zero pollution vehicles.

  • $11 million for the Carbon Reduction Program to fund projects designed to reduce carbon dioxide pollution from on-road highway sources such as electrifying vehicles, constructing bus rapid corridors, and more.

  • $5 million funding to expand electric vehicle charging infrastructure. 

Solar and Clean Energy

• The Inflation Reduction Act of 2022 will:

  • Invest $9 billion in consumer home energy rebate programs, focused on low-income consumers, to electrify home appliances and for energy-efficient retrofits. 

  • 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. 

  • Independent analyses found the Inflation Reduction Act would lower energy costs for families in Nevada with estimates ranging from $300 to $1,800 in annual savings. 

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

  • The Inflation Reduction Act will bring an estimated $2.7 billion of investment in large-scale clean power generation and storage to Nevada by 2030. 

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

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

  • Clean energy tax incentives will spur domestic production and create up to 1.5 million jobs in 2030 and could create 9 million jobs over the next decade.

    • In 2021, over 30,000 Nevadans 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 nearly 40,000 clean energy jobs in Nevada over five years.

• 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 Nevada:

  • $24 million for Weatherization Assistance Program to reduce energy costs for low-income households and $5.3 million to help prevent outages and make the power grid more resilient.

Drought

• The Inflation Reduction Act of 2022 will:

  • Invest $4 billion for drought resiliency in Western states facing historic levels of long-term drought, with priority for the Colorado River Basin and Lake Mead. 

  • $1 billion for the National Park Service and Bureau of Land Management public lands conservation.

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

  • Deliver $8.3 million for drought mitigation to western state water systems, including $1 billion for water recycling programs.

    • $300 million to implement the Colorado River Basin Drought Contingency Plan, a 7-state agreement to avoid catastrophic water supply shortages.