"The Biden administration has offered a broad interpretation for where electric vehicle (EV) charger projects can qualify for new tax credits — making those credits available in places where about two-thirds of Americans live.
Under the Democrats’ climate, tax and health care bill, tax credits for EV chargers are available to those who build chargers in low-income communities or in areas that are not considered urban.
In new guidance announced Friday, the Biden administration offered a wide interpretation of nonurban — saying that it applied to any census tract where at least 10 percent of blocks have not been designated as urban areas.
A White House fact sheet said this means the credit will be “available to approximately two-thirds of Americans.”
The move was cheered by environmental groups, which say making the credit widely available will result in a greater buildout of infrastructure for climate-friendly vehicles."
Rachel Frazin reports for The Hill January 19, 2024.
SEE ALSO:
"Biden Targets EV Charging Network Capacity to Boost Rollout" (Bloomberg Environment)
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