Biden Administration Announces EV Charging Network Standards
The Biden Administration just announced a slew of updates in the national push for mass electric vehicle adoption, including the formation of new EV charging network standards. The new EV charging standards were determined by the Department of Transportation in partnership with the Department of Energy, and support the administration’s goal of building 500,000 EV chargers along U.S. highways
The announcement includes plans from the Federal Highway Administration that outline federal funding for EV chargers in compliance with the Build America, Buy America Act. EV chargers funded through the Bipartisan Infrastructure Law must be produced in the U.S., including final assembly and manufacturing processes. By July of 2024, at least 55 percent of the cost of all components must be manufactured domestically.
Funding from the Bipartisan Infrastructure Law includes $7.5 billion for EV charging, as well as $10 billion for clean transportation and more than $7 billion for EV battery components, minerals, and materials, with further support from the Inflation Reduction Act to support battery production and expanded EV tax credits, EV charging installation, and support domestic production efforts.
The Federal Highway Administration also announced details for the upcoming Charging and Fueling Infrastructure discretionary grant program, which will make available more than $2.5 billion over the next five years to deploy publicly accessible charging and alternative fueling infrastructure.
Further details come from the Joint Office of Energy and Transportation, which released a notice of intent to fund the Ride and Drive Electric research and development program, while the Department of Energy announced $7.4 million funding for seven different projects to develop medium and heavy-duty EV charging and hydrogen corridor infrastructure plans.
The White House also highlighted the more than $100 billion from the private sector invested so far in EV, battery, and EV charging manufacturing in the U.S. In addition to new EV charging stations and standards, the Biden Administration aims to have EVs make up 50 percent of new car sales by the 2030 calendar year, with the eventual goal of reaching net-zero emissions by 2050.
SOURCE: GM AUTHORITY