This credit will support the expansion of Wallbox's flagship US EV supply equipment (EVSE) manufacturing facility in Arlington, Texas.
The 48C tax credit, part of the Inflation Reduction Act, aims to bolster investment in clean energy sectors, including electric vehicle components and chargers. Wallbox's award covers 30% of qualified investments for the second phase of its Arlington factory expansion, enhancing manufacturing capacity.
Enric Asunción, CEO and cofounder of Wallbox, expressed gratitude for the support, highlighting the company’s commitment to expanding American presence and fostering clean manufacturing jobs.
The Arlington facility will feature new EVSE assembly lines and a validation lab, allowing Wallbox to produce a range of charging solutions for the North American market. By 2030, the factory is expected to reach a production capacity of over one million chargers per year, supporting US clean energy and transportation objectives.
Wallbox's project was selected amidst a highly competitive process, affirming its significance in advancing clean energy initiatives.
