Federal Tax Credit and Incentives for EVs2021-08-02T12:05:03-04:00

EV Infrastructure Grants and Incentives

Make smart EV investments for a more sustainable future.

Governments and utilities offer a variety of incentives for fleet organizations to begin or build upon their EV operations.

Federal Alternative Fuel Infrastructure Tax Credit

Your fleet organization may be eligible for an up to $30,000 tax credit.  If you purchase or install an electric vehicle charging station by December 31, 2021, your business may be able to receive a 30% tax credit up to $30,000.

The U.S. Code 30C Alternative Fuel Infrastructure Tax Credit gives qualifying businesses 30% or up to $30,000 tax credit for all alternative fuel infrastructure installed and placed in service from 2018 to December 31, 2021.

The 30C is a general business tax credit, so any company that installs by December 31, 2021, (or installed in 2018-2019) qualified equipment may be eligible. For more information about your specific circumstances, visit the U.S. Department of Energy, contact a tax professional, or reach out to the U.S. Internal Revenue Service (IRS). The AssetWorks team is also happy to assist with any questions relating to credits and incentives for fleets.

The 30C tax credit applies to out-of-pocket costs for infrastructure, like EV charging stations, and make ready/installation costs, but doesn’t apply to permitting and inspection fees or networking costs. The tax credit may be applied to each charging station a fleet may install (multiple charging locations).

Yes. Fleet organizations can use the 30C tax credit after benefiting from other incentive programs. It is important to note, however, the tax credit only applies towards qualifying out-of-pocket costs the organization paid for, meaning the credit won’t apply to the portion of the expenses eliminated by other incentives or rebates.

EV Charging Incentive Programs

Below is a list of incentive programs; however, this list is not exhaustive of the many opportunities currently available. The information contained in the list below is subject to change. Please contact the AssetWorks team directly for help in finding the best incentive programs for your unique fleet organization.

CALeVIP

Funded by the California Energy Commission and implemented by the Center for Sustainable Energy, CALeVIP provides incentives for EV charger installations and works with local partners to develop and implement projects that meet current and future regional EV needs for Level 2 and DC fast charging. The statewide efforts aim to provide a streamlined process for getting chargers installed to fill the significant gaps in charging availability.

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Example programs by state

To learn more about possible incentives for your fleet organization, contact the AssetWorks team today: