The bill allocates $50,000,000 from Line Item 1599-6081 of Chapter 268 of the Acts of 2022 to support clean energy initiatives in Massachusetts, as mandated by the 2022 Climate Act. The funds are distributed among three statutory funds: the Clean Energy Investment Fund, the Electric Vehicle Adoption Incentive Trust Fund, and the Charging Infrastructure Deployment Fund. The Executive Office of Energy and Environmental Affairs (EEA), in collaboration with the Massachusetts Clean Energy Center (MassCEC), is tasked with reporting on the spending plans, timelines, and equity measures associated with these funds, ensuring that all allocated funds are expended by December 31, 2026, in compliance with federal guidelines.

The Clean Energy Investment Fund focuses on areas such as Innovation and Technology Development, Offshore Energy, Workforce Development, Clean Transportation, and Building Decarbonization, with an emphasis on demographic and geographic equity in funding distribution. The Electric Vehicle Adoption Incentive Trust Fund, managed by the MOR-EV program, aims to enhance the affordability and accessibility of electric vehicles for lower-income residents through point-of-sale rebates and outreach programs. The Charging Infrastructure Deployment Fund, administered by the Electric Vehicle Infrastructure Coordinating Council (EVICC), allocates funds for deploying EV chargers and innovative charging programs, with a focus on equity for underserved communities. The bill also highlights the Green Energy Consumers Alliance's role in outreach efforts to promote the MOR-EV program and provides public resources for tracking program participation and emissions reductions.