To be eligible for this tax credit, your EV must meet a few expectations, including: MSRP must be less than $80,000 and must be a non-Chinese-made vehicles. These become effective January 1st, 2022. This tax credit also becomes refundable. These things make it more worthwhile for people to get an electric vehicle. Experts predict sales to skyrocket if this new legislation is passed.
This increase in sales would mean an increased need for charging stations. More places will need to install chargers to keep up with EV sales as the demand for easily accessible charging stations increases.