Existing federal, state, and local policies play a key role in accelerating electric truck adoption.
An analysis of 15 states that have adopted or are in the process of adopting the Advanced Clean Trucks regulation shows that 60 percent of medium-duty trucks and 43 of heavy-duty trucks are electrifiable today.
The Inflation Reduction Act (IRA), passed in 2022, has greatly reduced the price of electric trucks through its Qualified Commercial Vehicle Tax Credit, which provides up to $40,000 in tax credits for the purchase of electric trucks. This significant tax credit shows the power of policy to advance truck electrification.
