Blue Bird Corporation, the leader in electric and low-emission school buses, applauds the Inflation Reduction Act of 2022 signed into law by U.S. President Joe Biden. The Inflation Reduction Act authorizes a $369 billion investment in energy security and combating climate change – the largest investment of its kind in U.S. history. The legislative action is projected to reduce harmful carbon emissions by roughly 40% by 2030.
“The Inflation Reduction Act demonstrates America’s leadership in advancing clean transportation solutions to help fight climate change”
The comprehensive Inflation Reduction Act promotes clean school buses, charging infrastructure, and high-tech manufacturing. Notable transportation investments that can help to expand the nation’s clean school bus fleet include:
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$1 billion in grants for clean Class 6 and 7 heavy-duty vehicles
Up to $40,000 in tax credits for zero-emission commercial vehicles
Up to $100,000 in tax credits for heavy-duty charging infrastructure
$3 billion for direct loans to finance advanced vehicle technology manufacturing
$2 billion for grants to support electric and fuel cell vehicle manufacturing.
“The Inflation Reduction Act demonstrates America’s leadership in advancing clean transportation solutions to help fight climate change,” said Matthew Stevenson, president and CEO, Blue Bird Corporation. “As the leader in electric and low-emission school buses, Blue Bird welcomes all initiatives that foster a clean energy future and advance student and community health.”
The Inflation Reduction Act builds on the Administration’s Bipartisan Infrastructure Law (BIL), which provides a total of $5 billion over five years for clean school bus transportation. The Bipartisan Infrastructure Law includes the 2022 Clean School Bus Rebate Program administered by the U.S. Environmental Protection Agency. The program is currently offering $500 million for the replacement of diesel-powered school buses with zero and low emission school buses. The funds will also assist school districts and other eligible participants to establish the required clean energy infrastructure. The application period ends on August 19, 2022. Blue Bird subject matter experts can assist members of its dealer network and school districts in applying for program funds. Interested parties can contact Blue Bird grant funding specialists via GrantSupport@blue-bird.com.
Blue Bird is the only U.S.-owned and operated school bus manufacturer in the United States. The company builds a full range of electric school buses which can carry a maximum of 84 passengers for up to 120 miles on a single charge. Depending on the charging infrastructure, the buses take between three and eight hours to recharge fully.