White House Announces Plan To Spend $7.5 Billion On EV Charging Stations

The electric revolution is well and truly underway, with most major manufacturers shifting to an all-electric future. This is good news for the planet, but there are some underlying issues that need to be solved before the US can truly make the switch over to electric vehicles. One of the bigger issues staring governments and manufactures in the face is the construction and implementation of a nationwide charging infrastructure. Tesla, which manufactures some of the world's most popular electric vehicles such as the Tesla Model 3 is currently leading the race with its network of charging stations. Newcomers Rivian is already in talks with the state government to build charging networks. But to truly get the ball rolling, the federal government has to step in. The good news is that the White House and the Bipartisan Group are now talking of a $7.5 billion EV infrastructure deal.

In a breakdown of its $550 billion Bipartisan Infrastructure deal, the White House recently revealed that $7.5 billion would go to the manufacturing and installation of electric vehicle charging stations, echoing moves made by communist China, which has an EV market three times the size of the US. The proposed infrastructure project is set to make its way to the Senate for consideration. The planned investment comes at a time when the American economy needs it most.

The White House is also looking to invest heavily in other public infrastructure projects such as passenger rail, clean drinking water, and high-speed internet access. The EV infrastructure bill will look to close the gap between the US and China. "Right now, China is leading in this race. Make no bones about it. It's a fact," President Biden said about China's EV tech and battery cell efficiency at a recent conference.

"US market share of plug-in electric vehicle (EV) sales is only one-third the size of the Chinese EV market. The President believes that must change. The bill invests $7.5 billion to build out a national network of EV chargers," the White House wrote.

The plan will be to build up infrastructure around heavily traveled highways and rural, disadvantaged, and hard-to-reach communities. The bill also aims to invest $2.5 billion in zero-emission buses, and the same amount for low-emission buses and ferries.

"This is the first-ever national investment in EV charging infrastructure in the United States and is a critical element in the Biden-Harris Administration's plan to accelerate the adoption of EVs to address the climate crisis and support domestic manufacturing jobs," the White House added.