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Biden Administration Allocates $623M for EV Charging Infrastructure

Funding Targets Disadvantaged Communities and Freight Trucks, with California and Texas Receiving the Most Funds

CORTE MADERA, CALIFORNIA - JULY 28: Nissan and Volkswagen electric cars sit parked at a Charge Point EV charging station on July 28, 2023 in Corte Madera, California. Seven major automakers announced plans earlier this week to increase the number of high-powered electric vehicle chargers in the country with 30,000 new charging stations along highways and in urban areas. According to the Energy Department, there are currently an estimated 32,000 chargers across the country. (Photo by Justin Sullivan/Getty Images)
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Overview

  • $623 million in infrastructure funds have been allocated to build electric vehicle (EV) charging stations across 22 states and Puerto Rico, focusing on disadvantaged communities and freight trucks.
  • The funding is the second wave from a $7.5 billion pot for EV charging in the 2021 infrastructure law, aiming to alleviate range anxiety and promote the adoption of EVs.
  • More than 70% of the 7,500 stations the funding intends to build will be in disadvantaged communities.
  • California received the most funds at $268 million, followed by Texas at $100 million.
  • Projects to supply medium- and heavy-duty trucks with either hydrogen fuel or high-powered EV charging stations won a big portion of the new funding, at $252 million.