Biden administration proposes wide eligibility for EV charger tax credit ...Middle East

The Hill - Technology
Biden administration proposes wide eligibility for EV charger tax credit
source : The Hill ( Middle East ) () 83
The Biden administration has proposed a rule maximizing the number of electric vehicle (EV) chargers that can qualify for tax credits. Prior to the proposed rule, it was unclear whether the tax credits would apply to an entire EV charging station or each individual port that’s part of the charger.  The proposal applies on a per-port basis, meaning that companies can claim it multiple times for a charging station that can charge multiple cars at once. The tax credit is 30 percent off the cost of installing the charger, up to $100,000, for companies. Individuals can also claim the credit for 30 percent of their costs, up to $1000 per port.  The credit only applies in areas that

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