Resources

National Electric Vehicle Infrastructure (NEVI) Formula Program

Federal Incentive

Enacted: 11/15/2021

The U.S. Department of Transportation’s (DOT) Federal Highway Administration (FHWA) 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, including:

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

EV charging stations must be non-proprietary, allow for open-access payment methods, be publicly available or available to authorized commercial motor vehicle operators from more than one company, and be located along designated FHWA Alternative Fuel Corridors (AFCs). If a state and DOT determine that all AFCs in the state have been fully developed, then the state can propose alternative public locations and roads for EV charging station installation.

FHWA must distribute the NEVI Program Formula Program funds made available each fiscal year (FY) through FY 2026, so that each state receives an amount equal to the state FHWA funding formula determined by 23 U.S. Code 104. To receive funding, states must submit plans FHWA and the Joint Office of Energy and Transportation for review and public posting annually, describing how the state intends to distribute NEVI funds. The FHWA announced approval of all initial state plans on September 27, 2022. State NEVI plan updates are due August 1, 2023.

Source: (U.S Department of Energy – https://afdc.energy.gov/laws/12744)

Alternative Fueling Infrastructure Tax Credit

State Incentive

Amended: 5/26/2022

For tax years beginning before December 31, 2028, a tax credit is available for up to 45% of the cost of installing commercial alternative fueling infrastructure. Eligible alternative fuels include natural gas, propane, hydrogen, and electricity. The infrastructure must be new and not previously installed or used to fuel alternative fuel vehicles. A tax credit is also available for up to 50% of the cost of installing a residential propane, compressed natural gas, or liquefied natural gas fueling system for noncommercial purposes, up to $2,500. The tax credit may be carried forward for up to five years.

Source: (U.S Department of Energy – https://afdc.energy.gov/laws/5951)

Alternative Fuel School Bus and Electric Vehicle (EV) Charging Station Rebate Program

State Incentive

Amended: 5/26/2022

The Oklahoma Department of Environmental Quality (DEQ) offers rebates for projects that repower or replace an actively used, engine model year 2009 or older, diesel school bus with a model that operates on alternative fuel. Eligible alternative fuels and technologies include all-electric, propane, and natural gas. Applicants may receive rebates of up to 45% of project costs. Charging infrastructure for electric buses is eligible for funding, but is subject to a per-charger maximum and project cap. The program is funded by Oklahoma’s portion of the Volkswagen Environmental Mitigation Trust. Applications must be submitted through Oklahoma’s Clean Diesel Program. For more information, see the DEQ Alternative Fuel School Bus Program website.

Source: (U.S Department of Energy – https://afdc.energy.gov/laws/5951)