Legislation recently introduced in the U.S. Senate would invest in clean vehicle infrastructure, including hydrogen refueling stations for fuel cell vehicles and electric vehicle charging stations.
The Securing America’s Clean Fuels Infrastructure Act would improve and expand the Alternative Fuel Vehicle Refueling Property Investment Tax Credit (30C ITC). Specifically, it would apply the credit to each item of refueling property instead of per location; increase the 30C ITC cap for business investments from $30,000 to $200,000 for each item of refueling property; and extend the credit for eight more years.
The credit would expire on Dec. 31, 2029.
Currently, 30C ITC does not encourage many private investments in clean vehicle refueling infrastructure.
U.S. Sens. Richard Burr (R-NC), Senate Health, Education, Labor and Pensions Committee ranking member and Finance Committee senior member; Tom Carper (D-DE), Senate Environment and Public Works Committee chairman and Finance Committee senior member; Catherine Cortez Masto (D-NV); and Debbie Stabenow (D-MI) introduced the bill.
It has the support of numerous auto companies, industry stakeholders, and members of the environmental community. These include the Zero Emission Transportation Association, Electrify America, Honda, General Motors, Ford, Volkswagen, Sierra Club, the American Lung Association, the National Wildlife Federation, and the Natural Resources Defense Council.