Biden Announces $5B Investment in EV Charging Infrastructure
The U.S. Departments of Transportation and Energy announced last week around $5 billion will be made available to states through the National Electric Vehicle Infrastructure Program.
As part of President Biden's massive $1 trillion infrastructure plan, the NEVI outlines a national charging network, which a fact sheet from the department says is "an important step towards making electric vehicle (EV) charging accessible to all Americans." States must submit a deployment plan before being able to access funds.
The $5 billion will be made available over the next five years, with $615 million available for this fiscal year. This $5 billion round of funding focuses specifically on creating a network of charging stations along "designated Alternative Fuel Corridors" with a specific focus on developing a robust ecosystem along the Interstate Highway System. A grant system to promote development in rural and underserved areas will be announced later this year.
“A century ago, America ushered in the modern automotive era; now America must lead the electric vehicle revolution,” U.S. Transportation Secretary Pete Buttigieg said in a statement. “The President’s Bipartisan Infrastructure Law will help us win the EV race by working with states, labor, and the private sector to deploy a historic nationwide charging network that will make EV charging accessible for more Americans.”
California is in line to receive the largest share of funding with this grant, having nearly $57 million designated to the state for this year. Texas is second with just over $60 million, and 21 states are receiving at least $10 million through the program.
“We are modernizing America’s national highway system for drivers in cities large and small, towns and rural communities, to take advantage of the benefits of driving electric,” U.S. Secretary of Energy Jennifer M. Granholm said in the statement. “The Bipartisan Infrastructure Law is helping states to make electric vehicle charging more accessible by building the necessary infrastructure for drivers across America to save money and go the distance, from coast-to-coast.”
Each deployment plan must be submitted to the new Joint Office of Energy and Transportation.