An estimated $30 billion is going toward supporting truck and bus charging projects across federal, state, and local governments, in addition to investor-owned utilities and the private sector.

Public funding amounting to approximately $21 billion accounts for the greatest portion of the $30 billion of planned MDHD investment. This $21 billion is driven largely by the 2022 Inflation Reduction Act (IRA), which provides renewed funding for key programs such as the Low- or No-Emission Grant Program, the Clean School Bus Program, the Diesel Emissions Reduction Act, and several others.

This unprecedented level of funding is critical to accelerating progress towards widescale electrification of commercial vehicles and making the ZEV adoption projections from the EPA’s Phase 3 achievable.