Nikola Expects Inflation Reduction Act To Lower Hydrogen, Truck Costs

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
  • 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
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