The North American International Auto Show (NAIAS) in Detroit saw Joe Biden visit on Wednesday, both to tout his administration’s leadership on the nation’s transition to electric vehicles, and hop behind the wheel of a new gas-powered Corvette Z06.
After touring the show floor, and looking over the major manufacturer’s new electric vehicle offerings, Biden announced his administration has approved the first $900 million to build new EV chargers along 53,000 miles of the national highway system throughout 35 states.
In remarks, Biden said, “So today I’m pleased to announce we’re approving funding for the first 35 states, including Michigan, to build their own electric charging infrastructure throughout their state, and you all are gonna be part of a network of 500,000 charging stations.”
The $900 million was the first apportionment from the $7.5 billion Bipartisan Infrastructure Law to build an EV charger network of 500,000 stations across the nation. He also noted the administration will be providing $60 billion for U.S. clean energy and transportation technology manufacturing from the Inflation Reduction Act as well.
The $7.5 billion for EV chargers is composed of two separate allotments, with $5 billion for the National Electric Vehicle Infrastructure (NEVI) program to build chargers along highway corridors, and $2.5 billion allotted to local grants, for community and corridor charging stations, improving local air quality, and increasing charger access for rural and underserved communities.
However analysts note that while currently the nation is on track to build 500,000 new chargers by 2030, it is likely the nation will need millions of chargers by then.
Blink Charging CEO Michael Farkas said in an interview, “[Globally] you’re looking at needing between 120 [million] to 150 million chargers by 2030. Really this is the beginning of the process in this industry.”