U.S. Initiates Historical $1.3 Billion Funding for EV Charging Infrastructure

The Biden Administration has revealed a historical $1.3 billion round of funding initiative aimed at improving and expanding the electric vehicle (EV) charging and alternative-fueling infrastructure across the United States (U.S.).

Through the notable efforts by the Bipartisan Infrastructure Law, this historical investment is the largest single grant funding program for EV charging in U.S. history, where the essence of this investment is the $2.5 billion Charging and Fueling Infrastructure (CFI) Discretionary Grant Program. This grant program was made possible by resources from the National Electric Vehicle Infrastructure (NEVI) Formula Program.

Briefly, the CFI program is made to address the need for EV charging infrastructure in both urban and rural communities across the U.S. including designated highways, interstates, and major roadways. Also, the program is divided into two distinct grant funding categories: Community Charging and Fueling Grants, and Alternative Fuel Corridor Grants.

Furthermore, the CFI program is open to a wide array of participants, including state, regional, Tribal, and local governments. This is done to guarantee equitable entry to clean transportation solutions including electric mobility.

U.S. Efforts On Charging Infrastructure

In regards to efforts that have progressed the EV charging infrastructure in the U.S., an additional $150 million was recently announced to repair aging charging infrastructure in the nation. Significantly, all these efforts have tracked the country to now have a total of charging ports to 183,000 across the country according to the US Joint Office of Energy and Transportation’s Q2 2024 update report. As a result, the U.S. now has more than one-third of its goal of reaching 500,000 public charging ports by 2030. 

Gabe Klein, Joint Office Executive Director, expressed the aim to accelerate the transition to electric mobility stating, “Doubling down on electrification is more important than ever to our economic prosperity and national security. With the rest of the world pushing down on the accelerator; we are moving fast to position the United States the global leader in the future that everyone is racing toward.”

With the U.S. deploying more EV charging infrastructure, this new round of funding will accelerate EV adoption while reducing carbon emissions and stimulating the economy. The U.S. Joint Office and FHWA will hold two public webinars to explain further on the funding initiative with the first set for June 6 and the second on June 11.

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