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You are at:Home » Biden administration allocates $623 million to enhance electric vehicle charging infrastructure, White House reports
Biden Administration Allocates $623 Million To Enhance Electric Vehicle Charging
Technology January 11, 2024

Biden administration allocates $623 million to enhance electric vehicle charging infrastructure, White House reports

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President Joe Biden’s administration has announced $623 million in funding to increase electric vehicle charging points in the U.S. amid concerns that the transition to zero-carbon transportation is not keeping pace with goals to tackle the climate crisis.


The money will be distributed as grants to dozens of programs across 22 states, including EV chargers for multifamily housing in New Jersey, fast chargers in Oregon, and hydrogen fuel chargers for cargo trucks in Texas. In total, funds pulled from the bipartisan infrastructure law are expected to add his 7,500 chargers across the United States.

“We’re building the charging network to win the EV race,” said U.S. Secretary of Transportation Pete Buttigieg.

“The electric vehicle revolution is not coming, it is here. I very personally recognize the importance of the fact that America led the world in the automobile revolution. We’re in the middle of a second automotive revolution, and it’s important that America has one again.”

There are about 170,000 electric vehicle chargers in the U.S., a significant increase from a network that was nearly invisible before Biden took office, and the White House is helping the transition away from gasoline and diesel vehicles. The company has set a goal of selling 500,000 chargers.

Biden’s climate change adviser, Ali Zaidi, said that “America is leading the way globally on electric vehicles” and that the U.S. is on track to “meet and exceed” the administration’s charger goals. He said there was. He added: “This expansion will continue over the coming years and decades until we reach net zero in the transport sector.”

Sales of electric vehicles are growing in the United States, with more than 1 million EVs sold for the first time last year, accounting for 9% of all car sales. But that rate of growth has slowed somewhat, with companies like Ford, General Motors and even Tesla scaling back their EV ambitions in recent months.

U.S. motorists are faced with an ever-expanding selection of EVs, but most are still more expensive than their gasoline equivalents, meaning they are out of reach for many buyers. research has discovered The median household income for EV buyers is $186,000.

Research shows that nearly one-third of potential EV buyers discount their purchase due to lack of charging infrastructure, despite accounting for most of the total vehicle trips in the United States. Masu. 3 miles or less. Even if Biden’s goal of 500,000 chargers is met, this is far fewer than is needed to support a gradual transition away from polluting cars. Estimate It is predicted that more than 28 million chargers will be needed by 2030.

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“In the U.S., EV penetration is growing at almost twice the rate of charger installations,” said Brent Gruber, executive director of J.D. Power’s electric vehicle business. said last year. “Construction of new charging stations is not keeping up with demand.”

Earlier this week, the Environmental Protection Agency announced nearly $1 billion in grants to replace diesel-powered school buses with electric and low-emission vehicles. EPA will disburse the funds to 280 school districts serving 7 million children nationwide. Charging infrastructure is also an issue in efforts to phase out diesel buses.

Source: www.theguardian.com

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