The road to widespread electric vehicle (EV) adoption depends on more than car sales it requires a reliable charging network. Vermont, after briefly losing access to federal funds, has now successfully reinstated $9 million in National Electric Vehicle Infrastructure (NEVI) program funding. This funding is aimed at building high-speed chargers in key communities, reinforcing the state’s push toward clean transportation.
Why It Matters
Implications for CPAs and Businesses
Looking Ahead
As federal incentives shrink in some areas (like the expiring EV purchase credit), infrastructure funding becomes even more important for sustaining adoption. Vermont’s reinstated $9 million is a modest amount compared to larger states, but it signals the federal government’s commitment to national network expansion. More states may follow suit in seeking additional NEVI allocations.
Stay Ahead of Federal and State IncentivesF
rom purchase credits to infrastructure funding, EV-related tax policies are evolving quickly.
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