Electric vehicles (EVs) are growing in popularity and availability. Bolstering this growth is the Inflation Reduction Act (IRA), which includes incentives to purchase EVs. These factors have led legislators to focus on a range of policies impacting electric vehicles. Federal actions have received considerable attention. This includes the recent issuance of rules, which determines which vehicles qualify for credits created by the IRA. State legislatures have also introduced and passed a number of bills with an impact on this space.
A Growth in Consumer Demand for Electric Vehicles
Consumer demand for EVs has grown rapidly. A decade ago, EVs accounted for less than 1% of total car sales. In 2021, they accounted for nearly 5% of total sales. Legislators across the country are racing to enact policy to accommodate this growth.
Plural’s Analysis of Electric Vehicle Policy
Harnessing Plural’s unmatched legislative data, our team analyzed legislation surrounding EVs so far in 2023. Read our report to see our findings.
Electric vehicle policy is a growing trend. These bills may affect the pace of EV transition and the automotive industry’s impact on the environment. Using Plural’s data, it’s clear that the first six months of 2023 have been the busiest for EV policy in history. These changes will drive electric vehicle policy development through the rest of 2023 and into next year. Understanding the state of play at this moment is important to prepare for that activity.