SB708:

Driving Decarbonization Program and Fund; created.

Bill Summary:

Driving Decarbonization Program and Fund. Establishes the Driving Decarbonization Program and Fund to assist developers with non-utility costs associated with the installation of electric vehicle charging stations. A developer is eligible to receive grants of 50 to 70 percent of the non-utility costs, depending on where the charging station is located in the Commonwealth. The total amount of grants awarded in a fiscal year is capped at $20 million, with at least $5 million in grants reserved for charging stations located in historically economically distressed communities.