DOE selects Wallbox for $5.2M 48C tax credit for investments in Arlington site

Wallbox announced that it has been allocated a $5.2 M tax credit under the highly competitive 48C Qualifying Advanced Energy Tax Credit Program by the U.S. Department of Energy DOE. The credit will support the expansion of Wallbox’s flagship U.S. EV supply equipment EVSE manufacturing facility in Arlington, Texas. …The credit provides up to 30% in tax credits for eligible equipment in clean energy manufacturing projects provided they meet prevailing wage and apprenticeship requirements. Wallbox’s award includes 30% of qualified investments for the second phase of its Arlington factory buildout to support increased manufacturing capacity.