New rules on a tax credit tied to electric vehicles could beef up investments in charging stations, a much-needed component for widespread adoption of EVs.
The IRS and Treasury Department proposed rules Wednesday for the alternative fuel vehicle refueling property tax credit, detailing eligibility requirements for EV charging stations and other clean fuel infrastructure.
The credit, extended and modified in the Democrats’ 2022 tax-and-climate law, provides tax savings of up to 30% on the cost of installing qualified property for individuals and businesses who have been able to claim the expanded credit since the beginning of 2023. With clearer rules, ...
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