Padilla, Cortez Masto Applaud Treasury, IRS for Expanding Access to Vehicle Refueling Infrastructure Credits
Senators previously led calls to finalize guidance that broadens access to 30C Credit
WASHINGTON, D.C. — Today, U.S. Senators Alex Padilla (D-Calif.) and Catherine Cortez Masto (D-Nev.) issued the following joint statement after the Department of the Treasury and the Internal Revenue Service (IRS) released guidance that will significantly expand access to the 30C Alternative Fuel Vehicle Refueling Property Credit, which was increased through the Inflation Reduction Act and provides billions of dollars for alternative refueling infrastructure investments such as zero-emission truck stops, intermodal facilities, and warehouses:
“The adoption of alternative refueling infrastructure is pivotal in our efforts to expand our zero-emission vehicle fleet and decarbonize our transportation sector. Today’s announcement from the Treasury and the IRS heeds our call to broaden eligibility to further incentivize public and private sector investments in clean energy infrastructure. Thanks to the Inflation Reduction Act, we are making important progress toward the Administration’s goals of deploying 500,000 chargers and getting more zero-emission vehicles on the road.”
The Treasury’s announcement comes after Senators Padilla and Cortez Masto led 13 Senators in calling on the Treasury and the IRS to finalize guidance for and ensure effective implementation of the 30C Credit. The letter followed an effort Padilla spearheaded last year, leading 14 Senators to call on the Joint Office of Energy and Transportation to prioritize the deployment of zero-emission medium- and heavy-duty infrastructure as part of its core mission. That letter included a request for the Joint Office to urge the IRS to finalize guidance on the 30C tax credit.
Last week, Padilla highlighted the groundbreaking potential of the Salton Sea’s lithium resources to significantly accelerate domestic production of electric vehicle batteries, with enough supply to produce batteries for more electric vehicles than there are total vehicles on U.S. roads today.