HERE’S WHAT MULTIFAMILY PROPERTY OWNERS SHOULD DO NEXT For years, the federal tax credit under the Inflation Reduction Act gave multifamily property owners a meaningful financial cushion when investing in EV charging infrastructure. Covering 30 percent of the total cost of purchasing and installing equipment, all the way through 2032, it was a generous incentive that made the business case for EV charging considerably easier to build. When the One Big Beautiful Bill Act was signed into law in July 2025, it moved the deadline for that credit up from 2032 to June 30, 2026. There is no phase-down, no partial credit, no grace period. If your installation wasn’t completed and placed in service by that date, the federal credit simply doesn’t apply. For the hundreds of thousands of multifamily property owners across the country who were counting on it as part of multi-year property upgrades, that’s a significant shift. But here’s the thing: the case for investing in EV charging infrastructure hasn’t changed, only the federal incentive landscape has. And for landlords and property managers willing to do their homework, there are still substantial cost-reduction opportunities available. The key is knowing where to look. THE FEDERAL EV TAX CREDIT IS GONE:
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