The popularity of electric vehicles (EVs) is ever increasing with sales rising 43 percent globally in 2020 alone. With their increasing popularity and the environmental benefits associated with EVs, the Biden Administration along with the U.S. Department of Transportation (DOT) and Department of Energy (DOE) have created a new EV infrastructure Program. This program requires states to develop EV infrastructure plans in order to access federal program funding.
What is the new EV infrastructure program?
On Thursday, February 10, 2022 a new program was announced with the goal of developing a national EV charging network of 500,000 chargers by 2030. The new EV infrastructure program made $5 billion in federal funding available to states for the development of a national EV charging network. In order to access this funding, states must create and submit their EV charging infrastructure plans to the new Joint Office of Energy and Transportation, which is headed by both the DOT and DOE.
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The National Electric Vehicle Infrastructure (NEVI) Formula Program will provide $615 million to states in 2022, and another $2.5 billion in the form of a competitive grant program designed for rural and underserved communities at a later date. The current administration is offering guidance regarding eligibility for the NEVI program including outlines of exactly what the funds can be used for, charging station locations, and charging capacities.
How will it affect your state?
When the EV infrastructure program was announced it included an indication of how much funding each state can expect to get, along with guidelines on how states can access these funds.
- Texas: Texas may receive the largest amount of funding offered by the program in 2022, amounting up to $60.4 Million.
- California: California can expect to receive up to $56 million.
- Florida: Florida could receive up to $29.3 million.
- New York: New York can expect to receive up to $25.9 million.
- Pennsylvania: Pennsylvania can expect to receive up to $25.4 million.
- Illinois: Illinois could receive $22 million.
- Ohio: Ohio could receive up to $20.7 million.
All other states can expect to receive an amount of less than $20 million. To learn more about the EV infrastructure program, click here for the full story.
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If you are considering installing energy efficient EV chargers and providing a better experience for your customers, click the button below for a free quote. EnergyLink’s team of experts work with brands like Blink, EVBox and Tesla to find the right charging solution for you at a reasonable cost. To speak directly with a team member about installation call (866) 218-0830.