There are currently several opportunities to acquire funding to significantly reduce the cost of adding electric vehicle (EV) chargers to your business or place of employment for your fleet, employees, or customers.
On January 24, 2023, the Golden State Priority Project (aka CALeVIP 2.0) will launch and provide more rebates for purchasing and installing eligible direct current fast chargers (DCFC), with a total of $30 million in available incentive funds. Funding is only available for sites located in disadvantaged community (DAC) or low-income community (LIC) census tracts. This is not a first-come, first-served program, and applicants will need to submit some or all of the following: site plans; designs; proof of start of permitting process and/or PG&E service planning process. Learn more about CALeVIP 2.0.
Finally, in the new year, the Inflation Reduction Act will bring a new tax credit for businesses that install EV chargers that meet certain labor and construction requirements. Businesses will benefit from a tax incentive of up to 30% of the total cost of equipment and installation. Previously, the credit was limited to $30,000, but projects completed after 2022 will be eligible for a tax credit of up to $100,000 per EV charger.