U.S. Details $5 Billion EV Charging Network Plan
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The Biden Administration this week offered more details on its plan to make $5 billion in federal funds available to states to build out an EV charging network along major U.S. highways.
The funding for the chargers was previously approved by Congress through the passing of the $1 billion infrastructure bill in November, however this week’s announcement provided more insight into how the $5 billion will be used.
A $615 million portion of the $5 billion fund will become available to states later this year, the U.S. Department of Transportation said Thursday. To access this money, states must submit an EV Infrastructure Deployment Plan that outlines their plans for building out EV charging locations.
“We’re not going to dictate to the states how to do this, but we do need to make sure that there are meet basic standards,” U.S. Transportation Secretary Pete Buttigieg said during a press conference held Thursday.
“The President’s Bipartisan Infrastructure Law will help us win the EV race by working with states, labor, and the private sector to deploy a historic nationwide charging network that will make EV charging accessible for more Americans,” Buttigieg added.
The DOT said the funding will build on the previously announced Alternative Fuel Corridors that were outlined in the infrastructure bill last year. The federal agency says these corridors “will be the spine of the new national EV charging network,” ensuring Americans have good access to chargers while they travel on the interstate.
“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,” Deputy Federal Highway Administrator Stephanie Pollack said this week.
President Biden previously laid out plans to help drive EV adoption in the U.S. and laid out a target to have electrified vehicles account for roughly half of all new vehicle sales by 2030. GM, for its part, said it will bring 30 new EVs to market by 2025, including ever-important electric pickup models like the 2024 Chevy Silverado EV, GMC Hummer EV Pickup and GMC Sierra EV.
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