Proterra Investor Presentation Deck
Electric Commercial Vehicles Are a Prime Beneficiary of the IRA
The Inflation Reduction Act follows in the footsteps of the 30% solar ITC and $7.5k light-duty vehicle credit
2006: 30% solar energy ITC ¹
U.S. solar photovoltaic
installations (MW)
U.S. battery-electric
vehicle sales (000s)
1st full year of the
30% solar tax credit
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3
5
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1st full year of
The $7.5k tax credit
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2010: $7.5k passenger vehicle tax credit ²
10 15
8
15
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 2017 2019 2020 2021
48
64 71
87
13
105
19
207
24
234 240
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
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PROTERRA
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2022: Inflation Reduction Act 3
Battery Production Tax Credit: $35/kWh for cells and
$10/kWh for modules
Commercial Clean Vehicle Credit: Tax credit of 30% of
the price (or incremental EV cost) for new Class 4-8
purchases, up to $40k/vehicle
Alternative Fuel Vehicle Refueling Property Credit:
Tax credit of 30% of the cost of installing new charging
infrastructure, up to $100k/item (low income/non-urban)
USPS Clean Fleets: $3 billion for the purchase of zero
emission delivery vehicles and supporting infrastructure
• Clean Heavy-Duty Vehicles: $1 billion in grants/rebates
for the purchase of zero emission Class 6 or 7 vehicles and
supporting infrastructure for public fleets
Grants to Reduce Air Pollution at Ports: $3 billion in
grants/rebates for the purchase of zero emission port
equipment or technology
Advanced Technology Vehicle Manufacturing Loan
Program: $3 billion credit subsidy providing an additional
$20-30 billion in loan authority to the DoE
1. Solar Energy Industries Association and Wood Mackenzie Power & Renewables' U.S. Solar Market Insight reports 2009-2021
2. Oak Ridge National Laboratory's Transportation Energy Data Book: Edition 39
3. H.R.5376 - 117th Congress (2021-2022): https://www.congress.gov/117/bills/hr5376/BILLS-117hr5376enr.pdf
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