- News Story
Cavalcade of Clean Transportation Funding Continues
October 10, 2022
Source: Heavy Duty Trucking
Get ready for the largest federal investment in clean vehicle technologies the country has ever seen.
Four years ago, as we awaited the first rounds of Volkswagen Settlement funding opportunities for green transportation, I said last decade’s $300 million in transportation-specific Recovery Act funding “now looks like a child’s sparkler in comparison to the nearly $5 billion in incentives funding on the near-term horizon.” That sparkler now seems like just a glimmer as we gain a clearer picture of the $1.2 trillion in funding created by the Infrastructure Investment and Jobs Act (IIJA) and $750 billion from the Inflation Reduction Act.