US Senator proposes incentives for electric boats

A US Senator from the state of Washington is proposing new tax incentives to accelerate the manufacturing and adoption of all types of electrified transportation modes ranging from recreational boats to industrial equipment. The Fueling America’s Security and Transportation with Electricity Act of 2021 (FAST Electricity Act) would establish a 30% investment tax credit for any electrically propelled vehicle that is not an on-road passenger car or truck as well as for electrical recharging or hydrogen refueling infrastructure, according to the National Marine Manufacturers Association (NMMA) and Senator Maria Cantwell.