There are going to be a lot more electric vehicle charging stations in the US.
The first part of a $5 billion pot of money that was included in a bipartisan infrastructure bill last year has been approved by the Biden administration for the installation of EV charging stations in 35 states.
A crucial link in the Biden administration's goal of getting more people to switch to plug-in vehicles is about to get a boost. The president wants to build half a million electric vehicle charging stations in the US by the year 2030. The EV tax credit is also intended to assist in that effort.
Biden went to the auto show in Detroit to promote the new funding.
There are more than 100,000 public charging stations in the US. EV owners usually park in their driveway to charge up. If EV's are to become a more attractive option to car buyers, charging stations need to become more pervasive and reliable.
Biden made a trip to the North American International Auto Show in Detroit, Michigan, this week to tout the new funding and take a victory lap on the passage of the Inflation Reduction Act, which includes billions of dollars in clean energy incentives.
To receive the funding, states had to submit plans for how they would spend the money while meeting a new set of standards meant to ensure the installation of EV charging stations that are convenient, affordable, and accessible to the broadest number of people. The types of projects that won't receive federal money are outlined in the standards.
The administration's plans to create a continuous network of EV charging stations along 165,722 miles of the National Highway System was unveiled earlier this year. The National Electric Vehicle Infrastructure Formula Program will allow eligible plans to be approved by the FHWA by September 30th.
The FHWA acting administrator promised to approve the rest of the states' plans by the September 30th deadline in a statement today.
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