Wallbox, a heavyweight in the electric vehicle charging sector, has secured a hefty $5.2 million tax credit, aimed at expanding its manufacturing footprint in Arlington, Texas. According to the City of Arlington, Texas, the U.S. Department of Energy has greenlit this move under the 48C Qualifying Advanced Energy Tax Credit Program. The funds are earmarked for upgrading Wallbox’s existing 150,000-square-foot facility, where the introduction of fresh EV supply equipment assembly lines and a cutting-edge validation lab is set to commence.

Emphasizing the significance of this federal support, Enric Asunción, the CEO and co-founder of Wallbox, said "We are honored to be selected for the highly competitive 48C tax credit, which will enable us to make further investments in our U.S. manufacturing capabilities and deliver Wallbox’s best-in-class EV charging solutions which underpin the transition to electrified transportation." Asunción's remarks, detailed in the City of Arlington, Texas, reflect the company's intentions to bolster its products for North American consumers.

Wallbox's windfall comes at a pivotal moment, with surging interest in environmentally sustainable transport solutions. The investment in the Arlington site is poised to streamline the production of Wallbox's entire range of charging products tailored to the North American market.

The Department of Energy grant underscores the government's initiative to foster clean manufacturing jobs and support companies taking a lead in the clean energy sector. "This support from the Department of Energy and IRS affirms Wallbox's commitment to expanding our American presence, fostering clean manufacturing jobs, and advancing our collective clean energy future,” Asunción added, as per the City of Arlington, Texas.