U.S. Department of the Treasury Releases Guidance to Expand Clean Vehicle Recharging and Refueling Infrastructure and Lower Transportation Costs for Americans

The Alternative Fuel Vehicle Refueling Property Credit Will Lower Costs for Clean Vehicle Infrastructure and TransportationWASHINGTON – Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking and additional guidance on the Alternative Fuel Vehicle Refueling Property Credit as expanded by the Biden-Harris Administration’s Inflation Reduction Act.The guidance released today will provide clarity on alternative fuel vehicle refueling property investments for battery-powered electric vehicle charging and other clean fuel infrastructure such as hydrogen refueling. Today’s guidance will lower transportation costs and increase energy security by making clean vehicles like electric and plug-in hybrids more affordable for Americans.The Alternative Fuel Vehicle Refueling Property Credit (section 30C) works in concert with the New and Previously Owned Clean Vehicle Credits and Advanced Manufacturing Production Credit to create good-paying jobs, lower consumer costs and strengthen America’s battery, critical mineral, and clean vehicle supply