SB 457

Abstract

Driving Decarbonization Program and Fund created. Creates the Driving Decarbonization Program and Fund to assist privatedevelopers with non-utility costs associated with the installationof electric vehicle charging stations. The bill provides that a privatedeveloper is eligible to receive grants of 70 percent of such non-utilitycosts for electric vehicle charging stations installed in a historicallyeconomically disadvantaged community or a rural community, as thoseterms are defined in the bill, and 50 percent of such non-utilitycosts for electric vehicle charging stations installed in any otherarea of the Commonwealth. The bill caps the total amount of grantsawarded in any fiscal year at $20 million.