Biden opens access to $5 billion to build national EV charging network alanohnsman
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Funding for the National Electric Vehicle Infrastructure, or NEVI, program was created by the Bipartisan Infrastructure Law and an initial $615 million is available for all 5o states, Puerto Rico and the District of Columbia this year. Based on the formula laid out by the program, Texas could initially receive the most funds of any state, about $60.4 million, followed by California, which could qualify for about $56.8 million in 2022.
The program aligns with a push by the Biden Administration to rapidly scale up the U.S. electric vehicle industry to both curb climate-warming emissions and create more domestic manufacturing jobs. While Tesla has dominated the EV market so far, and is expanding its U.S. production capacity, competitors including General Motors, Ford, Stellantis and automotive startups such as Rivian and Lucid are all working to rapidly boost output of electric cars, pickups and SUVs and U.S. plants.
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