WASHINGTON – Following the IRS release of guidance on Section 30C, including the definition of “single item of property” and guidance on census tract requirements, Electric Drive Transportation Association (EDTA) President Genevieve Cullen stated,
“Today’s announcement is a significant and positive development in the Administration’s efforts to accelerate the transition to e-mobility. EDTA appreciates Treasury’s willingness to engage with industry while crafting proposed guidance for the Section 30C tax credit. While we are continuing to review today’s release, we see an inclusive approach that provides taxpayers with the information, flexibility, and certainty necessary to invest in charging and fueling infrastructure.
“Accelerating the deployment and expanding accessibility of charging infrastructure across the U.S. is essential to meeting the needs of the growing number of EV drivers nationwide and to advancing U.S. leadership in electric transportation. We look forward to working with the Administration to finalize 30C guidance and further catalyze the growth of the EV ecosystem.”
