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Monday, October 7, 2024

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Milton erupts into Category 1 hurricane as Southeast reels from Helene aftermath; Last day to register in AZ focuses on voters with disabilities; Colorado one of 23 states to allow in-person registration on Election Day; Ohio's evolving landscape of student activism.

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The war between Israel and Hamas started a year ago, and VP Harris is being pressed on her position. Trump returns to campaign in the place he was shot at. And voter registration deadlines take effect with less than a month until Election Day.

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Cheap milk comes at a cost for residents of Washington's Lower Yakima Valley, Indigenous language learning is promoted in Wisconsin as experts warn half the world's languages face extinction, and Montana's public lands are going to the dogs!

More prospective tax breaks for EV charging infrastructure

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Monday, October 7, 2024   

Electric vehicles are considered one solution for a cleaner environment and Indiana has just over 26,000 EVs already on the road.

Energy officials are hoping tax credits will help more drivers make the switch. The U.S. Treasury Department is taking comments through mid-November on a proposed tax credit for electric vehicle owners. It would clarify who can get a tax credit of up to 30% of the cost of installing EV charging stations and other "clean fuel" infrastructure.

Sam Carpenter, executive director of the Hoosier Environmental Council, said if someone has a charger in their garage, they are in good shape but he knows it is not the reality for all motorists and he pointed out one state agency is doing something about it.

"Recently, INDOT announced an $100 million investment for charging in 39 sites, as part of the federally funded National Electric Vehicle Infrastructure, the NEVI program," Carpenter explained. "That's going to do a lot to create more charger availability."

The Treasury Department guidance said more EVs would lower transportation costs and increase energy security by making cleaner vehicles more affordable. Carpenter noted another bonus from the program is the Justice 40 Initiative. Disadvantaged and marginalized communities will receive 40% of the benefits of federal climate, clean energy, affordable housing and other investments.

Drivers thinking about buying an electric vehicle are eyeing the price tag, plus insurance and maintenance costs. The IRS proposal could mean a tax credit of up to $1,000 dollars for individuals, and nearly $100,000 for businesses.

"I think it's a good thing," Carpenter stated. "There is considerable savings for consumers in their maintenance and fuel costs over the 15-year life span. One of the things with Hoosier Environmental Council that we're excited about is the clean air impacts, the air quality that's going to improve and of course, that also reduces greenhouse gas emissions that cause climate change."

The U.S. Department of Energy lists 10 additional tax incentives by Indiana utility companies for EV chargers.


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