NovaCHARGE Federal EV Charging Infrastructure Funding User Guide

June 13, 2024
NovaCHARGE

NovaCHARGE Federal EV Charging Infrastructure Funding

NovaCHARGE-Federal-EV-Charging-Infrastructure-Funding-
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Product Information

The NEVI Program Guide provides information about the Federal EV Charging Infrastructure Funding available. There is a total of $7.5 billion in funding up for grabs, which includes the following programs:

  • National Electric Vehicle Infrastructure (NEVI) Program – $5 billion
  • Rural and Disadvantaged Communities Grants Program – $1.25 billion
  • Highway Corridor Grant Program – $1.25 billion

These programs are administered by the Federal Highway Administration (FHWA) under the U.S. Department of Transportation’s Federal Highway Administration (DOT + FHWA). The NEVI Formula Program provides funding to states for strategically deploying electric vehicle (EV) charging stations and establishing an interconnected network for data collection, access, and reliability. The program also supports the acquisition, installation, and network connection of EV charging stations, as well as their proper operation and maintenance. Funding is available for up to 80% of eligible project costs. All 50 states are approved for the NEVI Program, and more information about each state’s plans can be found on the program’s website. The Bipartisan Infrastructure Law (BIL) has established a Joint Office between the U.S. Department of Transportation (USDOT) and the U.S. Department of Energy (USDOE) to provide technical guidance and assistance to state and local governments implementing EV charging programs. NovaCHARGE’s EV chargers comply with the technical requirements set by USDOT and USDOE. Additionally, there is an Alternative Fuel Infrastructure Tax Credit for Businesses (30C/8911) available for electric vehicle charging stations. Qualifying businesses can receive a 6% credit up to $100,000 per station or a 30% credit by meeting additional wage and apprenticeship requirements. Guidelines for the prevailing wage and apprenticeship requirements have been released by the U.S. Department of Treasury and will go into effect on January 29, 2023. More information can be found in the IRS Guidance on Form 8911. There may also be other incentives, credits, rebates, and offers available depending on your location. The Alternative Fuels Data Center website is a reliable source for up-to-date information on state, county, and city-level incentives, as well as those from private organizations and public utilities. NovaCHARGE is a market-defining EV charging solutions leader, committed to enabling seamless EV charging for all. Their solutions prioritize quality, reliability, and adherence to open standards to ensure interoperability and longevity.

Product Usage Instructions

To take advantage of the incentives mentioned, follow these steps:

  1. Contact NovaCHARGE at [email protected] or call 866-417-9995 to explore their EV charging solutions.
  2. Discuss your specific requirements and needs with NovaCHARGE’s sales team.
  3. Choose the appropriate EV charging solution based on your project’s scope and objectives.
  4. Ensure that the chosen EV chargers comply with the technical requirements set by the USDOT and USDOE.
  5. If you are a qualifying business looking to benefit from the Alternative Fuel Infrastructure Tax Credit (30C/8911), review the guidelines and requirements released by the U.S. Department of Treasury.
  6. Plan and implement the installation of the EV charging stations, making sure to follow all applicable regulations and guidelines.
  7. Apply for funding through the NEVI Program or any other available incentives, grants, or rebates.
  8. Properly operate and maintain the installed EV charging stations to ensure their longevity and reliability.

The NEVI Program Guide

Federal EV Charging Infrastructure Funding: $7.5B in funding is up for grabs. Connect with us to get your share NOW.
The Infrastructure Investment and Jobs Act, enacted by Congress in November 2021, provides transportation electrification funding for states to distribute through the NEVI program. The NEVI program is focused on improving major transportation corridors through the U.S., with states required to develop Alternative Fuel Corridors on interstate highways. States were required to file deployment plans with the Federal Highway Administration (FHWA) by August 1, 2022, and the FHWA approved each state’s plan in September 2022. The public charging infrastructure funding is broken down into three discrete programs :NovaCHARGE-Federal-EV-Charging-Infrastructure-
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Each of these public charging infrastructure programs are administered by the Federal Highway Administration (FHWA).

DOT + FHWA

U.S. Department of Transportation’s Federal Highway Administration:
NEVI Formula Program will provide funding to states to strategically deploy electric vehicle (EV) charging stations and to establish an interconnected network to facilitate data collection, access, and reliability. Funding is available for up to 80% of eligible project costs.

  • All 50 states are now approved for the NEVI Program. To learn more about each state’s plans GO HERE.

Including:

  • The acquisition, installation, and network connection of EV charging stations to facilitate data collection, access, and reliability.
  • Long-term EV charging station data sharing.
  • Proper operation and maintenance of EV charging stations.

The Bipartisan Infrastructure Law (BIL) established the “Joint Office” between the US Department of Transportation (USDOT) and the US Department of Energy (USDOE) to help provide technical guidance and assistance to state and local governments who will implement EV charging programs. NovaCHARGE’s EV chargers will comply with the technical requirements of the USDOT and USDOE.

30C/8911

Alternative Fuel Infrastructure Tax Credit for Businesse:
The 30C U.S. federal tax credit for electric vehicle (EV) charging stations has been extended. Beginning January 1, 2023, qualifying businesses can receive 6% up to $100,000 per station, or a 30% credit for meeting additional wage and apprenticeship requirements. Guidelines for these prevailing wage and apprenticeship requirements were released by the US Department of Treasury in November 2022 and will go into effect on January 29, 2023. NovaCHARGE-
Federal-EV-Charging-Infrastructure-Funding-2

Other Incentives
Additional credits, rebates, and incentives may be available, depending on where you live. The Alternative Fuels Data Center website is constantly updated with the most current offers, including state, county, and city-level incentives and those from private organizations and public utilities.

As a market-defining EV charging solutions leader, NovaCHARGE’s mission is to enable seamless EV charging for all. Quality and reliability underpin everything we do, as we deliver evergreen solutions with our strict adherence to open standards, ensuring interoperability and longevity. We’ll show you how to take advantage of these incentives with our EV charging solutions.

[email protected]
866-417-9995
866-417-99-417-9995

References

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