National Electric Vehicle Infrastructure Formula Program
In 2022, President Biden and the U.S. Department of Transportation and Energy announced the National Electric Vehicle Infrastructure (NEVI) Formula Program. The NEVI Formula Program provides nearly $5 billion to help states create a network of EV chargers. This program, along with several others offered by the Department of Transportation and Energy, will help cover the specific costs of your EV stations.
States are developing new incentives around the NEVI Formula Program and support several of their own existing programs. Some of these programs are incredibly helpful and offer rebates that are thousands of dollars. These incentives are generally in conjunction with the local utility providers that support clean energy.
The Alternative Fuel Vehicle Refueling Property Credit
The Internal Revenue Service provides the Alternative Fuel Vehicle Refueling Property Credit. As of 2022, you can receive a 30% tax credit for allowable expenses up to $30,000.
European EV Charger Incentives
Like the United States, EV charger incentives throughout Western Europe greatly vary by country. These incentives will be expanding further as it was recently announced Europe’s EV fleet will be growing from its current base of around 5 million to 65 million by 2030. To meet the demand of this massive EV increase, Europe will need 65 million electric vehicle chargers by 2035.
JuiceBar Can Help
Our expert team provides everything you need to utilize all available incentives to your advantage. Contact us, and we will make sure your EV charger purchase is a smart choice.Contact Us