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Biden administration proposes expanding tax credits for EV charger installations

The proposed rule would expand on January guidance from the Treasury Department. Each individual charging port that is installed would qualify for the tax credit.

Dive Brief:

• The Biden administration on Wednesday proposed a new rule that aims to expand access to electric vehicle chargers, providing for individual tax credits up to $1,000 and business credits up to $100,000 for installation of clean transportation equipment across most of the country.
• The tax credits would only be available in low-income and non-urban census tract areas, making about two-thirds of the U.S. eligible for the incentives, the U.S. Department of the Treasury said. Along with EV chargers, the credits will be accessible for other clean fuel infrastructure investment, such as hydrogen refueling.
• The incentives “will be particularly valuable to communities that live near warehouses, who are often exposed to toxic vehicle pollution from the delivery trucks that pass through their neighborhoods every day,” Sierra Club’s Clean Transportation for All Director Katherine García said in a statement.