Federal Tax Credits Extended for EV in Idaho
Electric Vehicle Supply Equipment (EVSE) Funding
State EV Charging Incentive
The Volkswagen Clean Air Act Civil Settlement enabled the State of Idaho to allocate $2.6 million to provide incentives for entities to deploy electric vehicle supply equipment (EVSE). Idaho's EVSE Program provides cost-share funds for the deployment of public direct current fast charging (DCFC) equipment along the Idaho's major travel corridors. EVSE hosts are eligible for reimbursement of costs associated with the purchase and installation of EVSE equipment. Private sites are eligible for 80% and publicly owned sites are eligible for 100% reimbursement
The program is funded by Idaho’s portion of the Volkswagen Environmental Mitigation Trust.
Find the EVSE website and application
Commercial Electric Vehicle Supply Equipment (EVSE) Rebate – Idaho Power
Utility/Private EV Charging Incentive
Eligible Idaho Power business customers may apply for funding to install Electric Vehicle Supply Equipment (EVSE charging stations) for electric passenger vehicles, forklifts or other transportation technology. Funding levels are as follows:
EVSE for Passenger Vehicles:
50% of the project costs up to $7,500 per site for Level 1 and 2 charging for passenger vehicles. Limit $15,000 per customer. Incentives received under past Idaho Power workplace charging programs count toward the total site and company limits for passenger vehicles.
EVSE for Forklifts:
50% of project costs up to $7,500. Limit $7,500 per customer.
EVSE for other Transportation Electrification Technologies:
Up to $20,000 per site for EVSE to support other technologies including DC fast charging and EVSE for buses, refrigerated trucking, sanitation trucks, and airport supply equipment. The award amount depends on total project costs, type of project, location, energy use and profile, and promotional opportunity. Vehicle purchase or vehicle retrofit costs are not eligible. Limit $20,000 per customer.
Because funding is limited, an application is not a guarantee of funding. Awards will be made as funding allows. Please see the Terms and Conditions for additional requirements and the application process.
The Inflation Reduction Act introduces a number of significant changes to the tax credit for new electric vehicles (section 30D). These changes will phase in over time. Effective immediately after the enactment of the Inflation Reduction Act (after August 16, 2022), the tax credit is only available for qualifying electric vehicles for which final assembly occurred in North America. Further changes to the eligibility rules will begin in 2023.
Overall, the reforms in the Inflation Reduction Act mean that the tax credit for electric vehicles will evolve considerably over the coming months and years. However, the only change to the electric vehicle credit that takes effect immediately after the President signs the Inflation Reduction Act into law is the North American final assembly requirement.
Separately, starting in 2023, the Inflation Reduction Act also establishes tax credits for pre-owned clean vehicles (section 25E) and for commercial clean vehicles (section 45W). Treasury and the Internal Revenue Service will release more information on all the clean vehicle credits in the coming months.
source: U.S. DEPARTMENT OF THE TREASURY, August 16, 2022
- Consult your tax adviser to make sure you qualify
- Max tax credit $7,500
- Restrictions apply, subject to change without notice
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