“FreeWire’s Boost Charger is a perfect fit for dealerships because it can be deployed quickly and more easily than traditional solutions,” said Ethan Sprague, Senior Vice President of Sales, Marketing and Policy at FreeWire. “By using existing power available on site, Boost Charger offers the ability to scale according to each dealership’s growing need.” Tax Credit Information Qualified purchasers of the Boost Charger may be able to subject up to 25% of applicable deployment costs under the EV Charging tax credit (section 30C, MACRS Asset Class 36.0), which allows for a 30% tax credit on those costs. However, to be eligible for this credit, the EV charging station must be deployed in a low-income, rural or “fuel community” location and only allow up to 30% of applicable costs to be claimed as tax credits. Unlike other solutions, FreeWire’s battery-integrated technology qualifies for the Standalone Energy Storage Tax Credit (section 48, MACRS Asset Class F). Qualified purchasers may be able to subject up to 74% of applicable deployment costs under this credit, which contains no geographic restrictions and includes domestic content criteria that can increase the allowable tax credit from 30% to even 40% or 50% of eligible costs. About FreeWire Technologies FreeWire Technologies was founded in 2014 and is an industry leader in ultrafast EV charging and energy management solutions, solving grid infrastructure constraints and supporting the global transition to electric vehicles. FreeWire’s network of battery-integrated Boost Chargers™ transforms the way energy is distributed and bridges the gap from legacy infrastructure to future technology. FreeWire products are used by Fortune 100 companies, commercial and utility customers, fleets, retail locations, and gas stations across North America and Europe. To learn more, please visit www.freewiretech.com. Statements regarding eligibility or applicability of tax credits have been prepared for informational purposes only. These statements are not intended to provide, and should not be relied on for, tax, legal or accounting advice. FreeWire’s Boost Charger recharges overnight and supplies power to vehicles during the day, virtually eliminating electricity demand charges. Its energy requirements are nearly 10 times lower than traditional chargers and can power around 20 vehicles daily, adding up to 200 miles of range in 15 minutes. The Boost Charger uses an internal, 160 kWh battery that recharges overnight. Standard EV chargers do not use internal battery storage and use direct power from the grid. vada.com 9
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