The Inflation Reduction Act of 2022 is the most significant piece of legislation to advance electric vehicles (EVs) in the nation’s history. Its passage is crucial to reducing the stranglehold that oil has on our nation’s transportation systems and, in turn, protecting our national security. Russia’s war against Ukraine, which is enabled by oil revenues, highlights the urgency to accelerate transportation electrification. EVs powered by our nation’s domestic electric grid will diversify the way we power transportation, reducing the U.S. and global oil demand. The new law brings a variety of incentives that support transportation electrification. Many of these policies are long sought-aft
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