The Inflation Reduction Act (IRA) is expected to provide a significant boost to Nikola’s low carbon hydrogen energy business strategy, enabling lower cost hydrogen supply and dispensing infrastructure
Nikola’s energy business aims to develop access of up to 300 metric-tons of low carbon hydrogen supply and up to 60 hydrogen dispensing stations by 2026
The IRA energy and other climate incentives are anticipated to lower costs across Nikola’s expected portfolio creating greater value for Nikola’s integrated business model
The IRA’s incentives for energy and zero-emissions truck manufacturing businesses are expected to further enable Nikola’s zero-emission trucks to be competitive on a total cost of ownership basis when compared to traditional diesel vehicles