EV Mechanica

Subscribe to EV Mechanica's Current Newsletter & never miss an update!

    Close Menu
      Facebook X (Twitter) Instagram
      EVMechanicaEVMechanica
      EVMechanicaEVMechanica
      • Home
      • News
        • E-Mobility
        • EV Battery
      • Charging Stations
      • Policy
      • Interview
      • Jobs
      • Events
      • E-Mag
      • Subscription
      Facebook YouTube LinkedIn WhatsApp
      EVMechanicaEVMechanica
      Home » U.S. to Invest $5 Billion to Fund EV Charging Stations

      U.S. to Invest $5 Billion to Fund EV Charging Stations

      Aishwarya SaxenaBy Aishwarya SaxenaFebruary 11, 2022 E-Mobility 2 Mins Read
      Share
      Facebook Twitter LinkedIn WhatsApp

      The United States (U.S.) has recently revealed its plan to invest nearly $5 billion over five years to build thousands of electric vehicles charging stations.

      U.S. Charging StationsThe White House wants to prod Americans to move away from gasoline-powered vehicles even as efforts to win substantial additional funding for EVs in Congress have stalled.

      The administration will make $615 million available in 2022 but states must first submit plans and win federal approval.

      “We’re not going to dictate to the states how to do this, but we do need to make sure that there are meet basic standards,” U.S. Transportation Secretary Pete Buttigieg said at a press conference.

      Buttigieg told that the United States faces different EV network challenges in rural and urban areas.

      “It’s got to be customized, which is exactly why we have the states coming to us with plans rather than the other way around,” he said.

      Energy Secretary Jennifer Granholm said that the government wants to “attract more charging companies to start here.”

      Asked about some lawmakers’ concerns about high fuel prices, Granholm said “a medium-term the shift to electric vehicles is to get ourselves away from the volatility of fossil fuels . We won’t be held hostage to solar power.”

      By 2030, Biden wants 50% of all new vehicles sold to be electric or plug-in hybrid electric models and 500,000 new EV charging stations; he has not endorsed phasing out new gasoline-powered vehicle sales by 2030.

      The White House endorsed legislation stalled in Congress to increase current $7,500 EV tax credits to up to $12,500 for union-made U.S. vehicles, create credits of up to $4,000 for used EVs.

      That bill includes a 30% credit for commercial electric vehicles, $3.5 billion for converting U.S. factories for EV production and $9 billion for the U.S. Postal Service and federal government to buy EVs and charging stations.

      approval electric vehicles charging stations EV network challenges fuel prices invest news United States (U.S.)
      Share. Facebook Twitter LinkedIn WhatsApp
      Aishwarya Saxena

      More article from Aishwarya Saxena

      Keep Reading

      Indofast, Bike Bazaar Partner to Deploy 5,000 EVs

      LeafyBus Raises $4.1 Million for Intercity EV Expansion

      BMW Reveals Vision CE, Futuristic Helmet-Free Electric Scooter

      Leave A Reply Cancel Reply

      2 × 2 =

      E-MOBILITY

      Indofast, Bike Bazaar Partner to Deploy 5,000 EVs

      September 2, 2025

      LeafyBus Raises $4.1 Million for Intercity EV Expansion

      September 2, 2025

      BMW Reveals Vision CE, Futuristic Helmet-Free Electric Scooter

      September 2, 2025

      Hyundai Unveils Concept THREE, Previewing Bold IONIQ 3

      September 2, 2025

      Articles

      How to Set Up an EV Charging Station for Commercial Use in India: Complete Guide

      As India speeds up its shift to electric mobility, a commercial EV charging station presents…

      From Cost Savings to Sustainability: Why Delivery Startups are Going Electric?

      Delivery startups can derive multiple benefits, including cost savings and superior sustainable credentials, from switching…

      DC Fast Charging for Electric Vehicles: The Future of Quick and Convenient EV Power

      Electric vehicles (EVs) are growing quickly around the world. India is making progress with government…

      © 2025 EVMechanica.com.
      • Home
      • About Us
      • Contact Us
      • Subscription

      Type above and press Enter to search. Press Esc to cancel.