Senators introduce bipartisan bill to expand electric vehicle charging tax credit

Senators introduce bipartisan bill to expand electric vehicle charging tax credit
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A bipartisan group of senators has introduced legislation that would expand the existing tax credit for electric vehicle charging infrastructure.

The bill would broaden the existing Alternative Fuel Vehicle Refueling Property Investment Tax Credit (30C), which the sponsors wrote “isn’t adequate for encouraging greater private investments in clean vehicle refueling infrastructure like electric charging stations and hydrogen refueling stations.”

The bill, called the Securing America’s Clean Fuels Infrastructure Act, would expand the 30C tax credit to clearly establish that it can be applied to individual units such as chargers rather than per recharging location. It would also broaden the 30C ITC maximum for business activists from $30,000 to $200,000 per item and lengthen it for a further eight years. Under this expansion, it would apply to any property that enters service by the end of 2029.

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The measure is co-sponsored by Senate Environment and Public Works Committee Chairman Tom CarperThomas (Tom) Richard CarperTop Democrat: 'A lot of spin' coming from White House on infrastructure Bipartisan framework remains mostly consistent on climate Nearly 140 Democrats urge EPA to 'promptly' allow California to set its own vehicle pollution standards MORE (D-Del.) and Sens. Richard BurrRichard Mauze BurrThe Hill's Morning Report - Presented by Facebook - A huge win for Biden, centrist senators The 17 Republicans who voted to advance the Senate infrastructure bill Senate votes to take up infrastructure deal MORE (R-N.C.), Catherine Cortez MastoCatherine Marie Cortez MastoBiden backs effort to include immigration in budget package Biden to meet with 11 Democratic lawmakers on DACA: report Western US airports face jet fuel shortage MORE (D-Nev.) and Debbie StabenowDeborah (Debbie) Ann StabenowFormer longtime Sen. Carl Levin dies at 87 Energy chief touts electric vehicle funding in Senate plan Senate passes bill to award Congressional Gold Medal to first Black NHL player MORE (D-Mich.).

“For our automakers to be globally competitive and to meet our climate goals, we need millions more electric and fuel cell vehicles on our roads in the next decade. By bringing down investment costs, our bill will ensure our nation starts building the necessary charging and clean vehicle refueling stations today,” Carper said in a statement.

“Many of our nation’s largest automakers are already pledging to electrify and clean up their fleets, but Americans must have far greater access in their communities to electric charging and fuel cell stations. We can’t have clean vehicles without clean vehicle fueling infrastructure—we must invest in both.”

The Biden administration has set a goal of reaching net-zero greenhouse gas emissions by 2050 and 500,000 electric charging stations nationwide by 2030. Transportation Secretary Pete ButtigiegPete ButtigiegChasten Buttigieg: DC 'almost unaffordable' JD Vance takes aim at culture wars, childless politicians Poll: 73 percent of Democratic voters would consider voting for Biden in the 2024 primary MORE called for improved electric vehicle infrastructures at his confirmation hearing earlier this year.