Thanks to President Joe Biden’s Inflation Reduction Act (IRA), the Biden Administration’s new EV charger tax credit program will allow them to label wealthy, elite U.S. locations as “low-income” or “non-urban,” making them eligible for electric vehicle (EV) charger subsidy programs.
The move was applauded by environmental groups who say making the credit widely available in various locations around the country will result in a more significant turnout for “climate-friendly” vehicles.
Montauk, Fishers Island in New York, Martha’s Vineyard, and Nantucket in Massachusetts will now be classified as “low-income” and eligible for EV charger subsidies. These are the same places where the country’s rich and famous live, such as former President Obama, who has a multi-million dollar home on Martha’s Vineyard.