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The White House Just Announced a $623 Million EV-Charging Bonanza
Jan 12, 2024
The White House is investing $623 million in electric vehicle charging stations, prioritizing rural and low-income areas. The Biden administration aims to establish a green industry, focusing on EV sector. Federal funding will increase charger accessibility and promote electric vehicle adoption. New charger sites are already being built in some states.
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Quick takeaways
- The White House is allocating $623 million in competitive grants to enhance the U.S. charging network, particularly in rural and low-income areas, as part of a larger $7.5 billion initiative to meet President Biden's target of 500,000 chargers, contributing to the electrification of transportation and reducing greenhouse gas emissions.
- The majority of the new funding will be dedicated to community projects, deploying EV chargers and hydrogen fuel infrastructure in places like schools and parks, ensuring accessibility and creating dense networks of chargers along U.S. highways for long-distance EV travel and local accessibility.
Deep dives
White House Announces $623 Million Investment in EV Charging
The White House is allocating $623 million in competitive grants to enhance the U.S. charging network. The funding will add 7,500 new charging ports, particularly in rural and low-income areas. Additionally, some resources will go towards hydrogen fueling stations for vans and trucks. This initiative is part of the $7.5 billion earmarked for charging infrastructure and greener fueling in the bipartisan infrastructure law. The goal is to meet President Biden's target of 500,000 chargers, contributing to the electrification of transportation and reducing greenhouse gas emissions.
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