The Biden administration recently introduced a proposed rule, detailed by the U.S. Department of Treasury, to enhance access to electric vehicle chargers by offering tax credits. These credits can reach up to $1,000 for individuals and up to $100,000 for businesses engaging in the installation of clean transportation equipment nationwide. The focus of this initiative is on providing incentives in low-income and non-urban census tract areas, with about two-thirds of the U.S. population being eligible. Importantly, these tax credits also cover investments in clean fuel infrastructure, including hydrogen refueling. The rule builds on previous guidance from the Treasury Department, updating the 30C tax credit scheme to allow credits per individual charging port installed, rather than a single credit for multi-port projects. This alteration aims to expedite capital formation and investment in critical infrastructure sectors related to clean transportation. The proposed rule specifies that all 'functionally interdependent' components of recharging or refueling property are eligible for the tax credits, along with essential equipment integral to these processes. Furthermore, it proposes updates to the wage and apprenticeship requirements for credit eligibility. Environmental advocates welcome these changes, stating that the incentives, alongside other provisions like the IRA and bipartisan infrastructure law, will drive the shift towards clean vehicles. The Biden administration aims to achieve 50% of new car sales being electric by 2030, supported by a network of 500,000 public chargers funded by the bipartisan infrastructure law. Public feedback on this proposal is open until November 18, with the Department of Treasury prepared to hold a public hearing upon request.