President Joe Biden has announced his approval of a revised version of the bipartisan infrastructure bill, which will sideline funds to set up a national EV charging network.
Unveiled Thursday, the new Bipartisan Infrastructure Framework proposes spending a total of $1.2 trillion over eight years to modernize America’s infrastructure. This will include a new national EV charging network, which will be built “along highways and in rural and disadvantaged communities.” According to WhiteHouse.gov, this will represent the largest investment in EV infrastructure in American history and will accomplish President Biden’s goal of building 500,000 EV chargers nationwide.
In addition to the EV charging network, the bill will also set aside $7.5 billion to “electrify thousands of school and transit buses across the country.” The White House says electric busses will “reduce harmful emissions,” in metropolitan areas and also help “drive domestic manufacturing of zero emission vehicles and components.” Biden said he initially wanted to set aside $15 billion to electrify America’s bus fleets, but settled for $7.5 billion in order to move the bipartisan bill along.
The plan will also set aside $109 billion to revamp roads and bridges and $25 billion to improve America’s airports. Another $49 billion will go toward various public transit projects, while $66 billion has been set aside for miscellaneous freight and passenger rail upgrades. High speed internet upgrades are mentioned in the proposal, with the Biden Adminsitration hoping to eventually “connect every American to reliable high-speed internet,” and “drive down prices for internet service and close the digital divide.”
The infrastructure proposal first set forth by the Biden Administration, the American Jobs Plan, included $100 billion in subsidies for EV buyers. This revised version does not include any additional incentives for EV purchases, with Biden conceding that this plan is smaller and contains less than his initial $2.2 trillion proposal. It’s unclear if the Biden Administration still plans to pursue new purchase subsidies for EV buyers.