Biden administration unveils $5 billion plan for EV charging infrastructure
States can apply for the funds to create an 'Alternative Fuel Corridor' on US highways.
The Biden administration has announced a $5 billion plan to help states build half a million EV charging stations by 2030 — five times the current number. The goal is to allow EV owners to find a charging port anywhere within 50 miles of their location across all 50 states, the District of Columbia and Puerto Rico. "It’s going to help ensure that America leads the world on electric vehicles," Biden said.
The idea is to build on the "Alternative Fuel Corridor" created by 40 states along interstate highways across the country. To oversee the effort, the White House recently unveiled a new agency called the Joint Office of Energy and Transportation. The $5 billion will come from the new National Electric Vehicle Infrastructure (NEVI) Formula Program, which will also distribute an additional $2.5 billion in discretionary grants later on.
A total of $615 million will be distributed this year alone, with states having until August 1 to apply. The money can only be used for battery-electric vehicles only, not hydrogen or other alternative energy vehicles. States can team up with private enterprises to build and maintain the stations.
Americans need to know that they can purchase an electric vehicle and find convenient charging stations when they are using Interstates and other major highways.
The aim with the charging network is to reassure potential EV buyers that they'll be able to charge their cars while travelling. "Americans need to know that they can purchase an electric vehicle and find convenient charging stations when they are using Interstates and other major highways," said Deputy Federal Highway Administrator Stephanie Pollack in a statement.
The White House is also pushing for the charging stations to be built domestically. To that end, it touted a company called Tritium that plans to produce up to 30,000 DC fast chargers per year in Tennessee, creating 500 local jobs. The government will also direct 40 percent of funding to underserved and rural areas. The agency released a state-by-state disbursement plan that shows the largest funding levels going to Texas, California and Florida — the three most populous states.
It's all part of a larger plan to reduce US carbon emissions, as the transportation sector is responsible for a third of greenhouse gas pollution. To that end, the Biden administration wants half the vehicles sold in the US to be EVs or plug-in hybrids by 2030.