article thumbnail

Your Guide to Electric-Vehicle Charging-Station Tax Credits

EV Connect

And thanks to a variety of tax credits and incentive programs, the barrier to entry may be lower than you think. On the federal, state and local levels, there are a plethora of tax credits for installing electric-vehicle charging stations. Washington state offers tax credits for up to 50% of the costs of equipment and related costs.

article thumbnail

Next 10 report says widespread EV adoption in California could deliver significant economic benefits to the state by 2030 and 2050

Green Car Congress

million, according to the Federal Reserve Bank of St. Louis (FRED)). This overall economic expansion generates billions in additional revenue per year from existing tax instruments. California’s 2018 GSP was almost $3 trillion ($2,997,732.8 Thus, the EV influx would provide approximately a 2.7% boost over the 2018 GSP.

article thumbnail

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. Luke Daugherty is a freelance writer, editor and former operations manager based in St.

article thumbnail

3 Surprising Marketing Benefits of Electric Car Charging Stations

EV Connect

They’ll also take advantage of significant tax credits before they’re gone. Luke Daugherty is a freelance writer, editor and former operations manager based in St. His work covers operations, marketing, sustainable business and personal finance, as well as many of his personal passions, including coffee, music and social issues.

article thumbnail

Electrify Your Fleet Faster With Incentives and Rebates

EV Connect

Federal Incentives for Electric Fleets There are a variety of federal tax credits and incentives for purchasing electric vehicles, as well as for expanding America’s charging network and EV infrastructure. These credits are nonrefundable — meaning they run out once your tax bill hits zero, but they can lower your federal taxes significantly.

Fleet 61