We’re about to see a lot more electric vehicle chargers in the US.
The Biden administration just announced the approval of $900 million in funding to 35 states to install EV chargers across approximately 53,000 miles of highway across the country — the first tranche from a $5 billion pot of money that was included as part of the bipartisan infrastructure bill last year.
That means money is about to start flowing to the states to enact their plans to install thousands of new EV chargers, a crucial link in the Biden administration’s goal of getting more people to switch to plug-in vehicles. The president has said he wants to build 500,000 chargers across the US by 2030 in the hopes that an improved charging infrastructure will make EVs a more attractive choice for American car buyers. (Also meant to assist in that effort is the $7,500 EV tax credit.)
Earlier this year, the administration unveiled its plans to create a continuous network of EV charging stations along 165,722 miles of the National Highway System, covering 49 states and the District of Columbia. Under the plan, called the National Electric Vehicle Infrastructure Formula Program, the Federal Highway Administration (FHWA) would approve eligible plans by September 30th, with $615 million being made available in the 2022 fiscal year.
In a statement today, the administration clapped itself on the back for being ahead of schedule, with FHWA acting administrator Stephanie Pollack promising to approve the rest of the states’ plans by the September 30th deadline.