A bill designed to boost investments in vehicle infrastructure was recently introduced by a bipartisan group of senators.
The Securing America’s Clean Fuels Infrastructure Act would aim to expand the alternative-fuel vehicle refueling property-investment tax credit to decrease costs for deploying certain vehicle infrastructure.
Specifically, the bill would extend the current tax incentives for projects through 2029. The bill also would seek to raise the business investment credit from $30,000 to $200,000 for each refueling property. The tax credit, also known as “30C,” is designed to assist with minimizing costs associated with alternative-fuel vehicle infrastructure. Such infrastructure includes electric vehicle charging locations, as well as hydrogen refueling stations.
