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DOT and DOE announce nearly $5B over 5 years for new national EV charging network; $615M in FY2022

Green Car Congress

The US Departments of Transportation and Energy announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure (NEVI) Formula Program to build out a national electric vehicle charging network. These corridors will be the backbone of the new national EV charging network. NEVI Formula Program.

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Select the Right EV Charging Management Partner for your NEVI Program Project

Driivz

Intended to remove the speedbumps from building a high-speed EV charging network along designated Alternative Fuel Corridors , NEVI grants cover up to 80% of the cost of new or upgraded EV charging infrastructure. Contact us today to learn how the Driivz platform can help your company qualify for funding grants.

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Electrify Your Fleet Faster With Incentives and Rebates

EV Connect

Alternative Fuel Infrastructure Tax Credit The other major tax incentive applies to companies that install alternative fuel sources including electric vehicle charging stations. In Missouri, for instance, Ameren Missouri offers incentives to nonresidential customers that install Level 2 or DC fast charging stations.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

Department of Energy’s Alternative Fuels Data Center , “The Inflation Reduction Act of 2022 ( Public Law 117-169 ) amends the Qualified Plug-in Electric Drive Motor Vehicle Credit ( IRC 30D ), now known as the Clean Vehicle Credit, and adds a new requirement for final assembly in North America that takes effect on August 16, 2022 ” .