Electric Vehicles, Horses, Oats, and Ethanol. Does the last Transportation Revolution Reveal Anything about the Next One?

Abstract

August 2022 was quite the month for energy-related headlines. First, Congress passed and President Biden signed into law both: (a) the bipartisan CHIPS and Science Act, which is structured in part to reduce bottlenecks in semi-conductors that green energy businesses such as electric vehicle (EV) manufacturers had been facing; and, (b) a substantial package of green-energy stimulus in the Inflation Reduction Act (see the detailed discussion at the Center for Agricultural Law and Taxation). Coupled with the previously passed (November 2021) bi-partisan, Infrastructure Investment and Jobs Act, which includes funding to upgrade energy transmission and increase vehicle chargers, both urban and rural areas should see significant developments in clean energy transportation infrastructure.