Roads, Bridges, and Transit
~ $2.6 billion over five years in Federal highway formula funding for highways and bridges for Utah (Source).
The Bipartisan Infrastructure Law
This Bipartisan Infrastructure Law provides $550 billion over fiscal years 2022 through 2026 in new federal investment in infrastructure, including roads, bridges, mass transit, water infrastructure, resilience, and broadband. The purpose of this funding is to be used to rebuild America’s roads, bridges and rails, expand access to clean drinking water, ensure every American has access to high-speed internet, tackle the climate crisis, advance environmental justice, and invest in communities that have too often been left behind. The legislation will help ease inflationary pressures and strengthen supply chains by making long overdue improvements for our nation’s ports, airports, rail, and roads. It will drive the creation of good-paying union jobs and grow the economy sustainably and equitably so that everyone gets ahead for decades to come. Combined with the President’s Build Back Framework, it will add on average 1.5 million jobs per year for the next 10 years.
National Electric Vehicle Infrastructure (NEVI) Formula Program
This provides $5 billion over 5 years in formula funding to states to help build out a national network of electric vehicle (EV) charging stations on Federal Highway Administration (FHWA)-designated travel corridors. States develop and FHWA approves plans for how funds will be spent.
Charging and Fueling Infrastructure Program:
Also called the National Electric Vehicle Infrastructure (NEVI) Formula Program, this provides $2.5 billion over 5 years through discretionary (competitive) grants to eligible entities.1 EV charging, hydrogen, propane (fleets only), and natural gas are included. Eligible sites may be corridors or other publicly accessible locations.
The BIL provides $5 billion over 5 years for clean school buses, including electric and alternative fuel buses. Each year, $500 million will be provided exclusively for EV buses and $500 million for EV and other cleaner alternative fuel buses.
Joint Office of Energy and Transportation
The BIL also provides up to $300 million for a new Joint Office of Energy and Transportation to provide and coordinate technical assistance to states and communities.
This guidebook provides an overview of the clean energy, climate mitigation and resilience, agriculture, and conservation-related tax incentives and investment programs in President Biden’s Inflation Reduction Act, including who is eligible to apply for funding and for what activities. The Biden-Harris Administration is working quickly to design, develop, and implement these programs; as such, the information in this guidebook is current as of publication. In the coming weeks and months, we will publish new developments on www.CleanEnergy.gov to keep stakeholders and potential beneficiaries of these programs up to date on the latest deadlines and details. This guidebook does not cover the Inflation Reduction Act’s health care provisions or certain corporate tax reforms (Source).