August 12th, 2022—At times this legislative road has felt long and circuitous. But today’s passage of the Inflation Reduction Act by the U.S. House of Representatives means the road has become smoother, and more amenable to the growing fleet of electric vehicles that will soon be driving on it. The IRA is the most important climate legislation America has ever seen, but it won’t be the last. This bill establishes the market certainty households need to build the affordable, beautiful futures they deserve. It’s the beginning of a better story.

Thanks to the clean energy provisions in the IRA, households will be able to swap out dirty machines for clean ones at a pace that works for them. The act gives families the ability to plan. It meets people where they are, and allows them to charge forward on their own timelines, as they create their own electrification journeys.

Beyond the home health and energy security implications, American families will save money electrifying (on average $1800 per household). But one of the most empowering aspects of this legislation is that it helps our transformation snowball over time, because increased adoption means decreased cost at scale. The more we electrify, the cheaper it is to electrify. And this will happen at a rapidly intensifying clip, in every zip code across the country. This legislation will also commence the largest transfer of wealth from energy producers to households, the rightful recipients of these savings.

The households that run to these incentives first not only reap the benefits of immediately lower bills and healthier homes, but perform a true service to all Americans. They drive uptake, and reduce friction for their friends and their communities. Their efforts make it easier for their neighbors to power up. It’s a virtuous cycle that helps electrify the entire economy with ease. And it builds community strength and wealth, creating an abundant future for our children.

We applaud the U.S. House of Representatives for passing the IRA. And we look forward to seeing this bill on the President’s desk in the very near future. Because the sooner it’s signed, the sooner we begin to realize the immediate benefits of electrifying everything together, friends.