Win for hydrogen in the US – Inflation Reduction Act to become law
US Congress on Friday (August 12) passed the much anticipated Inflation Reduction Act (IRA) to see an offering of tax credits for low carbon hydrogen production and hydrogen fuel cell-electric vehicles signed into law.
With a final vote of 220-207, the Act has made its ascent to US President Joe Biden to be signed into law, marking a milestone for the US hydrogen industry.
Previously described as ‘the most significant legislation in history to tackle the climate crisis’ by President Biden, the Act enclosed a bill which would see producers of clean hydrogen up to $3 per kg of tax credits, as well as making up to $7,500 available for new hydrogen-electric vehicles.
Read more: Landmark US Tax and Climate Bill offers tax credits for clean hydrogen production
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