Inflation Reduction Act of 2022

Cummins adding hydrogen electrolyzer manufacturing in US

Hydrogen electrolyzer in Belgium

Cummins Inc. will manufacture hydrogen electrolyzers in Minnesota, the latest site in its effort to meet a 2025 revenue goal of $400 million a year from cleaning up long-haul trucking and other polluting industries.

Electrolyzer production will get 89,000 square feet of dedicated space at an existing Cummins facility in Fridley, Minnesota. Production will start at 500 megawatts of manufacturing capacity annually, which could grow to 1 gigawatt. Cummins did not disclose how much it is investing...

https://www.freightwaves.com/news/cummins-adding-hydrogen-electrolyzer-manufacturing-in-us

How the Inflation Reduction Act will help fuel new generation of trucks

This fireside chat recap is from FreightWaves’ second Autonomous and Electric Vehicles Summit on Wednesday.

FIRESIDE CHAT TOPIC: Building hydrogen fueling infrastructure from pipelines and electrolyzers to stations.

DETAILS: The Inflation Reduction Act (IRA) promotes the production of low-carbon hydrogen, which is good news for Nikola Motor Corp., which wants to produce and sell the fuel for long-distance trucks in North America. Pablo Koziner talks about the IRA and the rest of Nikola’s lineup...

https://www.freightwaves.com/news/how-the-inflation-reduction-act-will-help-fuel-new-generation-of-trucks

Policy changes on horizon for autonomous and electric trucks

Ann Rundle, ACT Research

This fireside chat recap is from FreightWaves’ second Autonomous and Electric Vehicles Summit, which took place Wednesday.

FIRESIDE CHAT TOPIC:Policy implications for electric and autonomous vehicles.

DETAILS: Federal and state policy makers are preparing to roll out rules and guidelines governing autonomous vehicles, and Congress recently approved new climate legislation. Both will have cost and market implications for truck fleets and drivers. In this fireside chat, ACT Research’s Ann Rundle...

https://www.freightwaves.com/news/policy-changes-on-horizon-for-autonomous-and-electric-trucks

FreightWaves virtual autonomous and EV summit features industry leaders

The FreightWaves’ Autonomous and Electric Vehicles Summit deconstructs the wave of special purpose acquisition companies that brought many transportation startups public during the pandemic. 

Vince Cubbage, CEO of Tortoise Acquisition Corp., has brought two of those companies public. He is seeking a target for a third SPAC. Cubbage keynotes the second annual (mostly) virtual AEV Summit on Wednesday. 

Cubbage sees a correlation between a lack of business travel during the pandemic and sports...

https://www.freightwaves.com/news/freightwaves-virtual-autonomous-and-ev-summit-features-industry-leaders

4 ways the Inflation Reduction Act could impact supply chains

Semi trucks wait in lines to enter a maritime port.

As its name suggests, the Inflation Reduction Act of 2022 (IRA) signed into law by President Joe Biden earlier this month is designed to reduce inflation, but it also includes $300 billion worth of grants and incentives for clean energy and initiatives to combat climate change. 

The goal of the incentives is to accelerate electric vehicle adoption, green ports, increase renewable energy capacity and support products made in the U.S. There are also tax reforms and provisions for health care.

The...

https://www.freightwaves.com/news/4-ways-the-inflation-reduction-act-could-impact-supply-chains

Congress approves incentive boost for EV truck purchases

Walmart electric delivery truck

Congress on Friday passed climate legislation with tax incentives aimed at speeding adoption of medium and heavy-duty trucks, particularly those serving the last-mile delivery sector.

The U.S. House voted along party lines, 220-207, to approve the Democrat-backed Inflation Reduction Act of 2022 (IRA), a $745 billion package that contains grants and incentives to reduce the cost of clean energy and healthcare, along with tax reforms.

The IRA, a pared down version of President Joe Biden’s “Build...

https://www.freightwaves.com/news/congress-approves-incentive-boost-for-ev-truck-purchases

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