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What Businesses Should Know about Changes to the 30C Tax Credit

EV Connect

Since 2018, the gold standard of federal tax credits for EV chargers has been U.S. Code 30C , more commonly known as the "Alternative Fuel Infrastructure Tax Credit" or the “30C Tax Credit.” Formerly, the 30C tax credit gave businesses back 30% of eligible costs up to $30,000 per site.

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Progress! IRA signed into law

Electric Auto Association

The Inflation Reduction Act (IRA) is a massive climate, health care, and tax bill with the overarching goal of slowing the rise in consumer prices that have been climbing at the fastest pace in approximately 40 years. The credit can also be used toward a down payment. Used EV sale price less than $25,000. Old or new?

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US Senators Introduce Bill to Expand Incentives for Natural Gas Vehicles

Green Car Congress

US Senator Robert Menendez (D-NJ) last week introduced new legislation, co-sponsored by Senate Majority Leader Harry Reid (D-NV) and Senator Orrin Hatch (R-UT) that extends and increases tax credits for natural gas vehicle purchasing, refueling and manufacturing. Includes conversions and repowers.

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The US Needs 20 Times More EV Charging Stations by 2030… Or Else

Blink Charging

Using the US Department of Energy’s alternative fuel locator , we can see the US has (as of this writing): 129,598 publicly available EV charging ports spread over 50,401 public charging stations. The Alternative Fuel Infrastructure Tax Credit provides eligible businesses with a tax credit up to 30% of the cost of equipment.

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Who Pays for EV Charging Stations?

EV Connect

With an increasing number of employees in need of a place to “refuel” during the workday, and news of the EV tax credit extending through 2021 , this amenity is quickly shifting from an added perk to a competitive necessity. Partnerships and Subsidies There are several ways to reduce your costs out of the gate. The answer?

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Deep Dive into the Alternative Fuel Infrastructure Tax Credit in 2022 and 2023

Blink Charging

The Section 30C Alternative Fuel Vehicle Refueling Property Infrastructure tax credit expired at the end of 2021; however, with the passage of the Inflation Reduction Act of 2022, the program was renewed for another 10 years with a few caveats. Learn more about the EV tax credit.

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. year from 2013 through 2040 in the Reference case, far below the rates of economic growth (2.4%/year)

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