Nikola highlights benefits to integrated truck and energy business model from the inflation reduction act

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 phoenix , oct. 20, 2022 /prnewswire/ -- nikola corporation (nasdaq: nkla), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today issued the following statement highlighting key elements of the inflation reduction act (ira), signed into law by president biden this past august. the legislation supports every aspect of nikola's integrated truck and energy business model from the development of zero-emissions vehicle technology through and including low-cost hydrogen production and dispensing infrastructure deployment.
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