Canary Media reports that a new report shows that the Inflation Reduction Act has spurred more than $115B in clean energy manufacturing investment, plus, in 2023, more than 42,000 jobs were created in the manufacturing sector for clean energy and electric vehicles — and that’s just so far. New project announcements are being announced nearly weekly.

And fueling the industry’s resources and supply, the IRA has also helped create more demand for clean energy and EV sector products. Energy companies that use U.S.-made components for new wind or solar installations qualify for an extra tax credit. Consumers can get up to $7,500 toward new domestically manufactured EVs. The IRA tax credits will last until at least the end of 2032.

The trends are encouraging, say the report’s authors.