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7 States Benefiting from the Inflation Reduction Act
Each of these states has seen notable investments into EVs, batteries, and renewable energy following the IRA’s passage.
December 4, 2023
In 2022, the Biden Administration signed in to law the Inflation Reduction Act (IRA), a pivotal piece of legislation in the United States that marks a substantial commitment towards addressing environmental, health, and economic challenges. With an allocation of around $369 billion for energy security and climate initiatives, it stands as one of the largest federal investments in climate action in U.S. history. This act sets ambitious goals, aiming to significantly reduce US carbon emissions by 2030 and to foster a transition to a sustainable economy.
Central to the act is its focus on clean energy and climate action, providing tax credits and incentives to bolster clean energy production like solar and wind power. It encourages consumer adoption of electric vehicles and energy-efficient appliances, reinforcing the shift towards a greener economy. The act also plays a critical role in promoting domestic manufacturing of clean energy technologies, aiming to reduce reliance on foreign supply chains while creating job opportunities within the U.S.
In terms of environmental impact, the IRA is instrumental in the global fight against climate change, positioning the US as a leader in environmental stewardship. Economically, it aims to stimulate growth and enhance the country's global competitiveness by fostering innovation in clean energy and efficiency solutions. This focus is pivotal for long-term environmental sustainability and economic prosperity.
We’ve covered the IRA regularly since its passage. In this piece, we’ll take a look at some of the states that have already seen significant investment and growth not only in the fields of EVs and battery manufacturing but also in renewables, thanks to the IRA. Read on to learn about the top states benefiting from the Inflation Reduction Act.
About the Author(s)
Jake Hertz is an Electrical Engineer, Technical Writer, and Public Relations Specialist. After he received his M.S. and B.S. in Electrical and Computer Engineering from the University of Rochester, he spent three years working as an Electrical Engineer at MakerBot Industries.
As a writer, Jake is well known for his frequent contributions to various engineering websites, where he has garnered readership in the tens of thousands. Through his business, NanoHertz Solutions, Jake works with cutting-edge companies in the hardware and semiconductor space to build industry buzz and awareness through Public Relations and Technical Writing services.
As an engineer, Jake now works with numerous startups to help develop their hardware products. He is also a Co-Founder of Origin Labs, a NYC-based design firm for tech startups in the hardware space.
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