The Biden administration announced new standards for building out a national electric vehicle charging network on Wednesday as part of a push to accelerate the adoption of electric vehicles (EVs).
An electric car charging station is seen in the parking garage of Union Station in Washington, U.S., September 29, 2022. REUTERS/Sarah Silbiger
Feb 15 - The Biden administration announced new standards for building out a national electric vehicle charging networkPresident Joe Biden previously committed to building a U.S. network of 500,000 EV chargers by 2030, and has now set the standards to disburse $7.5 billion in federal funds to support that effort. Today, there are more than 3 million EVs and more than 130,000 public chargers across the country, according to the White House.
Among the potential winners and losers analysts and industry officials see as a result of Wednesday's announcement, with some players appearing on both lists:EV DRIVERS: Consumers who drive EVs "now have assurance of knowing that they can charge their cars reliably, conveniently and hopefully with cost upfront that they can be aware of," said Colleen Quinn, head of the National EV Charging Initiative, a coalition of automakers, power providers, EV and charging industry leaders,...
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