The Biden Administration just announced the approval of Electric Vehicle Infrastructure Deployment Plans for all 50 states, plus D.C. and Puerto Rico. The EV charging infrastructure announcement arrives ahead of schedule under the National Electric Vehicle Infrastructure (NEVI) Formula Program, as funded by the recent Bipartisan Infrastructure Law.
All U.S. states now have access to FY22 and FY23 NEVI Formula funding, with over $1.5 billion available to build new EV chargers and related EV charging infrastructure to cover roughly 75,000 highway miles across the U.S.
Looking ahead, NEVI Formula funding will make $5 billion available over the course of the next five years. NEVI Formula funding is available for upgrades made to existing EV charging infrastructure, as well as the creation of new EV chargers, plus operational and maintenance costs related to EV chargers, the installation of electrical service equipment, community and stakeholder engagement, workforce development, signage, data sharing, and related mapping analysis and activities.
“Every single state, D.C. and Puerto Rico are working to leverage the investments from the President’s Bipartisan Infrastructure Law to expand domestic electric vehicle charging across America,” said U.S. Secretary of Energy Jennifer M. Granholm. “President Biden is leading the shift to electrify transportation – ensuring drivers can commute and charge confidently and affordably, and lessening our oversized reliance on fossil fuels while combatting climate change.”
President Biden previously established a national goal for half of all new vehicles sold in 2030 to be zero-emissions vehicles, with an overall aim to reduce greenhouse gas emissions by 50 to 52 percent in the same time period, as compared to emissions levels measured in 2005.
Meanwhile, GM has announced that will launch 30 new all-electric models globally by the 2025 calendar year. A recent study conducted by J.D. Power found that the existing EV infrastructure is lacking, with a drop in overall customer satisfaction with regard to public Level 2 charging stations between 2021 and 2022.