• Posted: August 24, 2023
• Climate and Equitable Jobs Act, eco-conscious, Electric Vehicle Supply Equipment (EVSE), electric vehicles, ev, ev chargers, EV Incentive, EV Rebate, evse, EVSE infrastructure, EVSE installation, Illinois Environmental Protection Agency (EPA), Plug-in Electric Drive Vehicle Credit

The demand for green transportation options is continuously growing, and electric vehicles (EVs) have become a top choice for eco-conscious business. Not only are EVs considered an eco-friendly choice, they are also considered cost effective due to the various incentives and rebates that are available. Read on to learn how these incentives can benefit your business.

The Climate and Equitable Jobs Act

The Climate and Equitable Jobs Act in Illinois provides rebate and incentive programs that encourage businesses to invest in EV charging. The Illinois Environmental Protection Agency (EPA) is currently providing grants to public and private entities that install and upkeep level 2 or 3 charging stations. These rebates have the potential to cover up to 80% of the project costs for public charging stations located in underserved communities and those affected by environmental injustices. Additionally, there are extra rebates available specifically for EV charging infrastructure that meet certain eligibility criteria.

Plug-in Electric Drive Vehicle Credit

Incentives provided to consumers, such as the federal $7,500 Plug-In Electric Drive Vehicle Credit which the Biden administration is aiming to raise to $12,500, and Illinois’s $4,000 rebate for purchasing a new or used all-electric passenger vehicle, are essential in the effort to increase the number of electric vehicles on the road. The Illinois EPA recently announced its third round of funding for its Electric Vehicle Rebate Program, which opens November 1, 2023 and closes on January 31, 2024. With more EVs on the road, comes a greater need for Electric Vehicle Supply Equipment (EVSE), commonly known as charging stations or charging docks, to charge them. For companies, organizations, municipalities, or developers considering investing in EVSE, there are several reasons why acting now is crucial to remain competitive in the evolving market.

Using government incentives to pay for EVSE

The Climate and Equitable Jobs Act in Illinois provides substantial rebates for the installation of EV charging stations, covering up to 80% of the project costs. Incentives like this one provide business owners with an opportunity to lower installation costs, making now the ideal time for companies, organizations, municipalities, and developers to invest in EVSE infrastructure. By taking advantage of these incentives, stakeholders can contribute to a cleaner environment and maximize their financial savings in the evolving market of electric vehicles.

Finding a qualified EVSE installer

If you’re not sure where to start and want to learn more about EVSE installation at your business, check out Powering Chicago’s find a contractor tool. This database can help you to connect with a highly-trained, EVITP-certified Powering Chicago electrical contractor, who can help you to assess your infrastructure needs and map out the next steps for EVSE installation, including assisting you in choosing the right EV chargers for your project.