The Biden Administration plans to invest $5 billion over the next five years in electric vehicle (EV) charging infrastructure.
President Joe Biden will partner with the U.S. Departments of Transportation and Energy to expand EV charging infrastructure across the nation.
It’s a $5 billion plan to create a network of half a million EV charging stations along interstate highways.
The investment is a part of the bipartisan infrastructure law, which is an effort by the Biden Administration to combat climate change.
The goal is to make EV charging more accessible. EV drivers should be able to find a charging station within 50 miles of their location regardless of the state.
“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,” said U.S. Secretary of Energy Jennifer M. Granholm.
The total amount available to states in the fiscal year 2022 is $615 million.
To access the funds, each state must submit an EV Infrastructure Deployment Plan to the new Joint Office of Energy and Transportation.
The plan needs to describe how the state will use the NEVI Formula Program funds.
The Biden Administration encourages states to build charging stations along interstate highways near rest areas or places with food.
Congress approved $7.5 billion for the EV charging infrastructure. The extra $2.5 billion is a grant program for other projects.
“A century ago, America ushered in the modern automotive era; now America must lead the electric vehicle revolution,” said the U.S. Transportation Secretary Pete Buttigieg.
Since transportation is the largest source of carbon emissions, the move to electric vehicles is beneficial.
But, the charging infrastructure must keep up for consumers to switch. The new EV charging infrastructure plan overcomes charging hesitations.
Featured image courtesy of Canva.
About David Em
David Em is the founder and editor-in-chief of EV Unleashed, the leading resource for unbiased electric vehicle news, reviews, and buyer’s guides.