Loading...
Market
Will EV charger tax credits claimed in 2024 exceed $2 billion?
3
Biden•IRS•Treasury Department•American•Inflation Reduction Act•Americans•Congressional Budget Office
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from the Congressional Budget Office and IRS
Story
Biden Administration Proposes Expanded EV Charger Tax Credits, Expected to Reach $2.5 Billion
Sep 18, 2024, 02:07 PM
The Biden administration has proposed new rules to expand the eligibility for tax credits related to electric vehicle (EV) charging stations and other clean fuel infrastructure. The IRS and Treasury Department detailed the proposed guidance on Wednesday, which aims to lower transportation costs and increase American energy security through the Alternative Fuel Vehicle Refueling Property Credit. This initiative is part of the Inflation Reduction Act. The proposed rules outline which EV charging stations, individual charging ports, and hydrogen fueling infrastructure would qualify for the tax credits. Additionally, the Treasury Department has waived certain subsidy requirements for leased EVs, which has led to an increase in tax credits claimed by Americans. The Congressional Budget Office had estimated that $0.5 billion in tax credits would be claimed in 2024, but the actual amount is expected to be $2.5 billion.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 50,000 • 25%
50,000 to 100,000 • 25%
100,000 to 150,000 • 25%
More than 150,000 • 25%
Yes • 50%
No • 50%
0-25% • 25%
26-50% • 25%
51-75% • 25%
76-100% • 25%
Less than $2 billion • 25%
$2 billion - $2.5 billion • 25%
$2.5 billion - $3 billion • 25%
More than $3 billion • 25%
Less than $2.5 billion • 25%
$2.5 billion to $3 billion • 25%
$3 billion to $3.5 billion • 25%
More than $3.5 billion • 25%
Yes • 50%
No • 50%
Tesla • 25%
General Motors • 25%
Ford • 25%
Other • 25%
Passed as proposed • 25%
Modified and passed • 25%
Rejected • 25%
Still under consideration • 25%