All 50 states could help build a national EV charging network—but only 35 have been approved
Biden’s speech also highlighted that the U.S. is aiming to create 500,000 new stations as part of the national EV charging network. Despite the fact that more than two thirds of U.S. states will begin building chargers with the federal government’s oversight, this represents only one step of the whole plan.
What’s next after each state helps build the network?
Once the charging stations are implemented, a national database will be constructed—a system that tracks efficiency, location, average use, and other performance indicators associated with the national EV charging network.
About a quarter of the project’s money will go toward creating EV infrastructure in underserved and rural communities. The money won’t be given to each state all at once, though, and not every state receives the same amount of money.
Why aren’t states receiving equal amounts of money to build the national EV charging network?
Though it sounds like the government is paying for the total cost of building the national EV charging network, these funds are only covering 80% of the building fees. The other 20% is expected to be paid for by the state or by a private party.
Find an EV insurance policy that fits your needs, with help from Jerry