Contact: Noah Barnes, Electrification Coalition
noah@electrification.org, (202) 461-2371
WASHINGTON—Today, the U.S. Department of the Treasury released partial guidance on the 30C Alternative Fuel Vehicle Refueling Property Credit, which provides a tax credit of up to 30% of the cost of EV charging stations. The guidance defines the areas in which eligible charging stations can be installed, which will include approximately 99% of U.S. land territory and 62% of the population.
In response, EC Executive Director Ben Prochazka released the following statement:
“Increasing our nation’s electric vehicle (EV) charging infrastructure is critical to accelerating EV adoption and, in turn, ending oil’s century-old monopoly on our transportation systems.
“Today’s clarification expands the number of communities that will have access to charging, which is critical to accelerating the adoption of plug-in electric vehicles for all. Charging infrastructure needs to be greatly expanded in the U.S. Fortunately, the provisions within the 30C tax credit and the resources in the Inflation Reduction Act and Bipartisan Infrastructure Law are providing the down payment needed to rapidly increase access to infrastructure.
“This is yet another opportunity to spur economic opportunity, especially in rural and disadvantaged communities that are too often left behind.
“We applaud the Treasury Department for today’s guidance to enable communities to unlock more resources for building critical charging infrastructure and the Biden-Harris administration for ensuring the U.S. is not left behind in the global shift to EVs.”
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About the Electrification Coalition: The Electrification Coalition is a nonpartisan, nonprofit organization that promotes policies and actions to facilitate the widespread adoption of plug-in electric vehicles (EVs) on a mass scale to overcome the economic, public health and national security challenges that stem from America’s dependence on oil. ElectrificationCoalition.org