The Inflation Reduction Act of 2022 enables the development and sale of clean energy tax credits, with recent guidance from Treasury and the IRS focusing on electric vehicle charging stations and sustainable aviation fuel credits. The electric vehicle charging credit offers a 6% discount, potentially increasing to 30%, for stations in eligible low-income or rural areas, capped at $100,000 for businesses. Meanwhile, producers of renewable fuels express concerns over delayed rules for the clean fuel production credit, which is hindering investment in ethanol and other renewable fuels due to uncertainty in credit valuation based on greenhouse gas emissions standards.
