SB457 - Driving Decarbonization Program and Fund; established and created.

2 Co-Sponsors

Driving Decarbonization Program and Fund created. Creates the Driving Decarbonization Program and Fund to assist private developers with non-utility costs associated with the installation of electric vehicle charging stations. The bill provides that a private developer is eligible to receive grants of 70 percent of such non-utility costs for electric vehicle charging stations installed in a historically economically disadvantaged community or a rural community, as those terms are defined in the bill, and 50 percent of such non-utility costs for electric vehicle charging stations installed in any other area of the Commonwealth. The bill caps the total amount of grants awarded in any fiscal year at $20 million.