Charge, Zero Emissions/Maximum Speed

New Law Creates Affordable Path to Clean Infrastructure for States, Municipal Governments, and Real Estate Investors, According to Charge-Zero

Retrieved on: 
Wednesday, August 17, 2022
Zero, Federal, Charge, Zero Emissions/Maximum Speed, DC, Inflation, Real estate investment trust, ITC, Legislation, GLOBE, Kerala Infrastructure Investment Fund Board, Federation, Energy Policy Act, Energy Policy Act of 2005, Senate, EVS, Transport, Private sector, EV, News, Renewable energy

Last year's Infrastructure Investment and Jobs Act created the National Electric Vehicle Infrastructure Formula Program (NEVI), which allocates nearly $5 billion to provide funding to states to create an interconnected network of electric vehicle charging infrastructure.

Key Points: 
  • Last year's Infrastructure Investment and Jobs Act created the National Electric Vehicle Infrastructure Formula Program (NEVI), which allocates nearly $5 billion to provide funding to states to create an interconnected network of electric vehicle charging infrastructure.
  • No considerations exist from the Federal government to incentivize this network to be powered by clean energy, though, as desired by the Inflation Reduction Act just passed.
  • Charge-Zero utilizes tax equity to reduce the cost of NEVI program funded charging infrastructure projects and make them solar-powered.
  • Charge-Zero partner Zack Michaelson describes the business as filling in the gap to ensure EV charging infrastructure is incentivized to be clean.