The Biden-Harris Administration released a statement announcing that over two-thirds of the Electric Vehicle (EV) Infrastructure Deployment Plans from States, the District of Columbia and Puerto Rico have received early approvals under the National Electric Vehicle Infrastructure (NEVI) Formula Program, which was set up and financed by President Biden’s Bipartisan Infrastructure Law.
Given the early approval, the referred states can now benefit from over $900 million in NEVI formula funding from FY22 and FY23 to aid the building of EV chargers across approximately 53,000 miles of highway all over the United States.
The NEVI formula funding under the Bipartisan Infrastructure Law provides $5 billion accessible over five years, and this will ensure the establishment of a convenient, reliable, and cost-effective EV charging network across the country. Faster adoption of electric vehicles forms a core of the United States’ climate goals as the transportation sector is presently responsible for over a quarter of all emissions.
Approved Plans have been posted on the FHWA web site while funding tables for the full five years of the program can be seen on the official website as well.
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