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Wednesday, December 4, 2024

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Trump's pick to lead DEA withdraws from consideration; Report: NYS hospitals' operating margins impact patient care; Summit County, CO aims to remain economically viable in warming climate; SD Gov. sets aside 2026 budget funds for new education savings accounts.

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GOP Senators voice reservations about Kash Patel, Trump's FBI pick. President Biden continues to face scrutiny over pardoning his son. And GOP House members gear up for tough budget fights, possibly targeting important programs.

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Residents in Colorado's rural communities face challenges to recycling, climate change and Oregon's megadrought are worrying firefighters, and a farm advocacy group says corporate greed is behind high food prices in Montana.

More prospective tax breaks for EV charging infrastructure

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Monday, October 7, 2024   

Electric vehicles are considered one solution for a cleaner environment and Indiana has just over 26,000 EVs already on the road.

Energy officials are hoping tax credits will help more drivers make the switch. The U.S. Treasury Department is taking comments through mid-November on a proposed tax credit for electric vehicle owners. It would clarify who can get a tax credit of up to 30% of the cost of installing EV charging stations and other "clean fuel" infrastructure.

Sam Carpenter, executive director of the Hoosier Environmental Council, said if someone has a charger in their garage, they are in good shape but he knows it is not the reality for all motorists and he pointed out one state agency is doing something about it.

"Recently, INDOT announced an $100 million investment for charging in 39 sites, as part of the federally funded National Electric Vehicle Infrastructure, the NEVI program," Carpenter explained. "That's going to do a lot to create more charger availability."

The Treasury Department guidance said more EVs would lower transportation costs and increase energy security by making cleaner vehicles more affordable. Carpenter noted another bonus from the program is the Justice 40 Initiative. Disadvantaged and marginalized communities will receive 40% of the benefits of federal climate, clean energy, affordable housing and other investments.

Drivers thinking about buying an electric vehicle are eyeing the price tag, plus insurance and maintenance costs. The IRS proposal could mean a tax credit of up to $1,000 dollars for individuals, and nearly $100,000 for businesses.

"I think it's a good thing," Carpenter stated. "There is considerable savings for consumers in their maintenance and fuel costs over the 15-year life span. One of the things with Hoosier Environmental Council that we're excited about is the clean air impacts, the air quality that's going to improve and of course, that also reduces greenhouse gas emissions that cause climate change."

The U.S. Department of Energy lists 10 additional tax incentives by Indiana utility companies for EV chargers.


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In this week's 2026 budget address, Gov. Kristi Noem proposed establishing education savings accounts for K-12 students in South Dakota. Opponents …


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