If you’re a Californian, this Thanksgiving season brought a lot to be thankful for, notwithstanding both the Rams and Chargers getting shellacked on the road nor the average 24% price increase of frozen turkeys. No, rather we’re referring to the three-year $1.4 billion funding initiative that was quietly approved by the California Energy Commission the week before the feast-filled holiday kicked off. The goal? Close the Golden State’s 2025 infrastructure funding gap and speed up the push toward Governor Newsom’s plan for a zero-emission “autopia.”
Tag Archive: EV tax credits
President Joe Biden has decided to encourage the manufacture and use of electric vehicles contributing to greater care of the environment. With a zero-emission goal, the Democratic Party proposed a federal EV charger tax credit to help more people choose electric vehicles, businesses to become charging points and automotive makers to go electric too.
The Biden Administration and fellow Democrats in Congress continue to lead the green energy charge, which is creating resounding benefits for the EV industry as a whole. The latest is the aptly named Growing Renewable Energy and Efficiency Now, or GREEN, Act (you gotta love those clever acronyms!) sponsored by Representative Mike Thompson (D-CA-5). Earlier this month, the House Ways and Means Committee introduced the bill as a way to advance an agenda centered on achieving greater levels of sustainability, and we were pleased to see several provisions included that would further encourage EV adoption. In particular, EV buyers would be able to tap a $7,500 federal tax credit, while the credit cap for EV manufacturers would be increased to... Read More
Who says Congress can’t get anything done? On July 1st, the House of Representatives passed the H.R.2 – Moving Forward Act sponsored by Peter DeFazio (D-OR), a colossal $1.5 trillion infrastructure bill that, we’re pleased to say, boasts numerous policies intended to advance the cause of electric mobility. The 2,300-page behemoth is a bit of a mish-mash, so we’ve taken the liberty of going through it ourselves and summarizing the parts that are most critical to the EVCS mission. Here are some ways the bill benefits us and our clients: – Encourages the creation of new charging infrastructure. Several provisions authorize the establishment of added incentives that we can utilize, not only to increase charging installations, but also to do... Read More