U.S. Senators Introduce Bill To Expand, Extend EV Charging Infrastructure Tax Credit
Last week, U.S. Senate Environment and Public Works (EPW) Committee Ranking Member Tom Carper (D-DE) joined Senate Health, Education, Labor and Pensions (HELP) Committee Chairman Lamar Alexander (R-TN) in introducing legislation that would extend and expand the existing Alternative Fuel Vehicle Refueling Property Investment Tax Credit.
The bill, known as the “Securing America’s Clean Fuels Infrastructure Act,” is intended to increase private investment in charging infrastructure for alternative fuel vehicles such as electric vehicles (EVs) and hydrogen powered vehicles.
It would also extend the current 30 percent income tax credit on alternative fuel vehicle infrastructure by 8 years, until December 31, 2028 and expand the maximum amount of business investments made on each refueling infrastructure item from $30,000 to $200,000.
