THIS WEEK IN CLIMATE & CLEAN ENERGY WINS: WEEK OF 2/16:

$1 trillion$3.5 billion  $27 billion
The total value of passenger EVs sold to date according to a new report by BloombergNEF. Annual spending on passenger EVs hit $338 billion in 2022 alone. Ford announced plans to build a $3.5 billion battery factory plant in Michigan, creating 2,500 jobs in the state. The jobs are very likely to be union jobs represented by United Auto Workers. The amount of Inflation Reduction Act climate funds outlined by the EPA this week for projects cutting pollution and energy costs and the deployment of rooftop or community solar energy.

Continuing on a very busy week for the Biden Administration and following the Biden administration’s successful clean energy tour post the State of the Union the EPA outlined plans for $27 billion in Inflation Reduction Act climate funds that will go toward projects cutting pollution and energy costs, and to states, tribes, municipalities, and nonprofits to deploy rooftop or community solar energy. The Treasury will open applications for $4 billion in new tax credits for advanced energy manufacturing and decarbonization projects required in communities impacted by coal mine and power plant closures. The Department of Energy announced $7.4 million in funding for zero-emission vehicle corridors and expansion of EV charging in underserved communities, and the DOE, the Treasury, and the IRS are joining forces on programs to accelerate domestic clean energy manufacturing. 

In addition, NanoGraf announced they have raised $65 million to build a Chicago battery production facility, and Ford announced plans to build a $3.5 billion battery factory plant in Michigan, creating 2,500 jobs in the state. Notably, the plant was originally slated for Virginia, but Republican Governor Glenn Youngkin rejected the offer for political reasons. And a potential game-changer in promoting EV use, Tesla has announced they will make at least 7,500 chargers available to all U.S. EVs by the end of 2024. 

In new reports, the International Council on Clean Transportation revealed major annual public health benefits totaling $177 million from port electrification efforts in Seattle, New York, and New Jersey, with significant emission reductions. According to a new report published by BloombergNEF, annual spending on passenger EVs hit $338 billion in 2022, driving the total value of passenger EVs sold to-date over $1 trillion. 

Companies are continuing their investments in clean energy this week, Ford announcing a $3.5 billion battery factory in Michigan and NanoGraf raising $65 million for a battery production facility in Chicago. Tesla also announced they will make some of their charging stations available to all U.S. EVs by the end of next year: 

In new reports, the International Council on Clean Transportation revealed major annual public health benefits totaling $177 million from port electrification efforts, and total annual passenger EV spending has surpassed $1 trillion: 

This week, the Biden Administration outlined plans for $27 billion in Inflation Reduction Act climate funds, the U.S. treasury opened applications for $4 billion of new tax credits for energy manufacturing and decarbonization projects, the DOE announced $7.4 million for zero-emission vehicle corridors and EV charging expansion in underserved communities, and partnered with the Treasury and IRS on programs to accelerate domestic clean energy manufacturing: 

In case you missed it, following his State of the Union Address, the President and his Cabinet traveled the country to champion clean energy jobs, investments, and projects: