1、Copyright 2022 APEC SecretariatRecent EV-Related Policy Developments in the United StatesCharles UthusUnited States American Automotive Policy CouncilAgenda Item 2.3.Industry Updates on Auto Trade and Policy Developments13 September 2022Copyright 2022 APEC SecretariatContext:U.S.EV Market&Industry T

2、rendsDramatic U.S.BEV Sales Growth Since 2020Battery-electric vehicles(BEVs)had a record year in 2021,with sales increasing by 85%.Especially significant during a year when overall vehicle sales increased by only 3%.Momentum has continued this year,with forecasts showing this years BEV sales could n

3、early double again.-200,000 400,000 600,000 800,000 1,000,000200002020212022*Source:U.S.Dept of Energy*2022 sales forecast based on 7-month data(Jan-July 2022)U.S.Battery Electric Vehicle Sales(2011-2022*)Encouraging Outlook for U.S.EV Adoption Trendlines show moment

4、um will continue for the remainder of the decade.By 2030,U.S.annual sales of BEVs+PHEVs could reach 6.5 million vehicles.Together,Ford,GM,and Stellantis announced EV-related investments of US$100 Billion.-1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,0002021*202220232024202520262

5、027202820292030Sources:2023-2030:https:/ estimate based on 7-month data from U.S.Dept.of Energy U.S.BEV/PHEV Sales Forecast-2023-2030ActualForecasted Copyright 2022 APEC SecretariatSemiconductor Supply Chains:2022 CHIPS Legislation US$50B CHIPS for America Fund to spur domestic production of semicon

6、ductors,including:US$37B to support expansion of domestic supply chains for semiconductors of any type US$2B targeting chip facilities to support“critical manufacturing industries”,such as autos US$11B for National Semiconductor Technology Center,National Advanced Packaging Manufacturing Program,and

7、 other related programs$2B for CHIPS for America Defense Fund to establish national microelectronics R&D 25%tax credit for private sector investments in domestic semiconductor facilitiesCopyright 2022 APEC SecretariatEV Adoption:2022 Inflation Reduction Act EV Tax CreditsUpdated EV Tax Credit Incent

8、ives(through 2032)Qualifying new EVs GVW of less than 14,000 pounds Battery capacity:Not less than 7 kilowatt hours Must be rechargeable from external source of electricity Final assembly must be in North America Max credit per vehicle purchased:US$7,500 Purchase price caps Sedans:US$55,000 SUVs/tru

9、cks/vans:US$80,000 Income limits(annual basis)Married couples:US$300,000 Individuals:US$150,000 North American EV battery sourcing requirements US$3,750 credit for component sourcing requirement US$3,750 credit for critical minerals sourcing requirement No battery components/critical minerals from c

10、ertain foreign entitiesCopyright 2022 APEC SecretariatEV Infrastructure/R&D:2021 Bipartisan Infrastructure Bill Total:US$1.2 Trillion(US$550 Billion in new spending),including:EV-Related Highlights US$7.5 Billion for network of EV chargers,with goal of creating nationwide network of 500,000 public c

11、harge points by 2030 US$5 Billion for public buses US$7 Billion to support battery supply chains for EVs&related battery storage technologies US$65 Billion to upgrade U.S.electric gridImplementation UpdatesAs of July,US$113 Billion releasedWork also started on more than 5,000 projectsApec.orgAPECnewsAPECRebecca_APECapecAPECAPEC-Asia-Pacific Economic CooperationFind out moreAPEC Online and Social MediaCopyright 2022 APEC Secretariat