Tech Insights - US Senate Passes 'Inflation Reduction Act of 2022' Economic Package
The US Senate has passed the Inflation Reduction Act of 2022, which contains huge updates to the US EV (Electric Vehicle) tax credit. The House of Representatives is expected to pass the Inflation Reduction Act on Friday, with President Biden signing it into law on the same day. With the Senate being the high bar to clear, it should easily pass the remaining two steps. As part of this package, significant incentives are included that aim to stimulate consumers' ability to purchase electric vehicles.
The electric vehicle tax credit, starting in January 2023, provides consumers with a $7,500 tax relief for the purchase of a qualifying EV and will do so until the end of 2032. As a renewal of the existing tax credit, which previously had a cap of 200,000 cars per manufacturer, this revitalisation will enable manufacturers, such as Tesla and General Motors, to once again be eligible for the incentive. With this iteration of the tax credit, manufacturers will have access to unlimited credits, provided that they fulfil the other requirements of the bill. These additional criteria will eventually include that the assembly of the vehicle occurs in North America; that materials and ‘critical minerals’ in the battery must come from either the US, or from a country with free trade agreements with the US; that vehicles must have an MSRP (Manufacturer’s Suggested Retail Price) of under $55,000 for cars, and under $80,000 for SUVs, vans and trucks; and that the vehicle has a battery with over 7kWh capacity.
Premium content is complimentary to all clients with an account
Clients can access all Insights documents once signed into their Juniper Research account. Talk to our sales team about becoming a subscriber.
Latest research, whitepapers & press releases
-
ReportOctober 2025Fintech & Payments
Digital Identity Market: 2025-2030
Juniper Research’s Digital Identity research suite provides a comprehensive and insightful analysis of this market; enabling stakeholders, including digital identity platform providers, digital identity verification providers, government agencies, banks, and many others, to understand future growth, key trends, and the competitive environment.
VIEW -
ReportOctober 2025Telecoms & Connectivity
Travel eSIM Market: 2025-2030
Our comprehensive Travel eSIMs research suite comprises detailed assessment of a market undergoing rapid growth. It provides insight into how travel eSIM providers can differentiate their services to maximise success in the market over the next two years.
VIEW -
ReportOctober 2025IoT & Emerging Technology
Direct to Satellite Market: 2025-2030
Juniper Research’s Direct to Satellite research suite provides satellite providers, investors, and partners, such as Mobile Network Operators, with an extensive analysis and insights into the direct to satellite market.
VIEW -
ReportSeptember 2025Fintech & Payments
Instant Payments Market: 2025-2030
Juniper Research’s Instant Payments research suite provides a wide-ranging and strategic analysis of this market; enabling stakeholders - from banks, infrastructure providers, regulators, and businesses - to understand future growth, key trends, and the competitive environment.
VIEW -
ReportSeptember 2025Fintech & Payments
Anti-money Laundering Systems Market: 2025-2030
Our AML Systems research suite provides a detailed and insightful analysis of this evolving market; enabling stakeholders from financial institutions, law enforcement agencies, regulatory bodies and technology vendors to understand future growth, key trends, and the competitive environment.
VIEW -
ReportSeptember 2025Fintech & Payments
A2A Payments Market: 2025-2030
Our A2A Payments research suite provides detailed analysis of this rapidly changing market; enabling A2A payments service providers to gain an understanding of key payment trends and challenges, potential growth opportunities, and the competitive environment.
VIEW
-
WhitepaperOctober 2025Fintech & Payments
How Digital Identity is Going Mainstream
Our complimentary whitepaper, How Digital Identity is Going Mainstream, assesses the trends that are moving digital identity to be increasingly popular, and challenges to digital identity growth.
VIEW -
WhitepaperOctober 2025IoT & Emerging Technology
Beam Me Up: The Direct to Satellite Revolution
Our complimentary whitepaper, Beam Me Up: The Direct to Satellite Revolution, evaluates the future key services that satellite providers must offer in the direct to satellite market.
VIEW -
WhitepaperOctober 2025Telecoms & Connectivity
Why Operators Are Launching Travel eSIMs in 2026
Our complimentary whitepaper, Why Operators Are Launching Travel eSIMs in 2026, examines the outlook of the travel eSIMs market over the next five years.
VIEW -
WhitepaperSeptember 2025Fintech & Payments
From Detection to Prevention: The Next Era of Anti-money Laundering
Our complimentary whitepaper, From Detection to Prevention: The Next Era of Anti-money Laundering, examines the state of the AML systems market; considering the impact that a changing regulatory environment and a growing number of use cases is having on the market. Additionally, it includes a forecast summary of the total value of the AML systems market in 2030.
VIEW -
WhitepaperSeptember 2025Fintech & Payments
3 Key Trends Driving Instant Payments
Our complimentary whitepaper, 3 Key Trends Driving Instant Payments, assesses how key trends are driving the evolution of the instant payments market, and which challenges these resolve. Additionally, it includes a forecast summary of the global transaction values via instant payment schemes by 2029.
VIEW -
WhitepaperSeptember 2025Fintech & Payments
Ascending-to-Ailing: The Deceleration of A2A Adoption
Our complimentary whitepaper, Ascending-to-Ailing: The Deceleration of A2A Adoption, examines the state of the A2A payments market; considering the impact of this payment method and how it is shaping the modern payments landscape through lower fees and enriched user experience.
VIEW
-
Telecoms & Connectivity
Fraud Prevention APIs to Generate $5bn for Operators Globally by 2030, But Diversification of API Applications Needed
October 2025 -
Sustainability & Smart Cities
Smart Building Interoperability Frameworks to Drive $21bn Global Platform Spend Next Year
October 2025 -
Fintech & Payments
Digital Identity Market to Exceed $80 Billion by 2030 Globally, Accelerated by Regulation & Hybrid Strategies
October 2025 -
Telecoms & Connectivity
Direct-to-Device, 5G Advanced, & AI RAN to Redefine Global Connectivity in 2026
October 2025 -
Travel eSIMs Surge as Roaming Alternative - Up 85% in 2025
October 2025 -
Fintech & Payments
Juniper Research Unveils 2025’s Fintech & Payments Awards Winners
October 2025