$1.5 Billion Set Aside For EV Charging Points Along America’s Highways

A countrywide infrastructure of thousands of electric vehicle (EV) chargers spanning around 75,000 miles of highways nationwide won official approval from all 50 states on Tuesday.

50 States to Get EV Charging Points

The National Electric Vehicle Infrastructure (NEVI) Formula Program now will be available to all 50 states, the District of Columbia, and Puerto Rico, according to the Transportation Department.

It announced in a press statement that it accepted the Electric Vehicle Infrastructure Deployment Plans from the previous group of 17 states.

The scheme, which will give $5 billion over five years, aims to assist in the construction of EV chargers alongside interstate highways. The highways span thousands of miles across the United States. One charger will be placed every 50 miles (80 kilometers).

President Biden’s infrastructures bill created and sponsored the NEVI Formula Program in an attempt to persuade more Americans to use electric cars (EVs), which are much more costly than conventional combustion engine automobiles.

In July 2022, the typical cost of a new electric vehicle was over $66,000, whereas the usual cost of a new internal combustion engine vehicle was $48,182, according to automotive research group Kelley Blue Book.

EVs also have dependability and range difficulties. One vehicle can be fully charged with a standard charger in a few hours. Yet, those take an hour to charge because of the NEVI financing requirements for faster, more efficient charging points along motorways.

Insufficient electricity grid ability, supply chain constraints, and worries about fairness are just a few of the uncertainties that some states have identified with the expansion of EV chargers all across the nation.

It has been reported residents of wealthier neighborhoods in cities like New York and Chicago have greater accessibility to charging points than residents of poorer or more rural areas.

Gas Prices Soar

Gas costs have also increased significantly in 2022, with the nationwide average as of September 28 reaching $3.77 per gallon, according to AAA.

Even though the price is considerably higher in western states like California, where motorists must pay $6.04 per gallon, that is an increase from $3.19 during the same time last year.

In order to achieve his objective of cutting emissions by 50 to 52 percent below 2005 levels by 2030, the president has focused on his goal of guaranteeing half of the new cars sold in 2030 are zero-emissions cars.

Although it is hard to tell exactly how many EV charging points the cash will enable, new ones could be built as early as next spring.

The proposals will “allow Americans throughout every part of the country, from the biggest cities to the nation’s most rural areas, to unlock the cost savings and advantages of electric vehicles,” said Transportation Secretary Pete Buttigieg.

“America helped conduct the initial automotive revolution in the last century, and we’re placed to lead in the 21st century with electric cars,” he added.This article appeared in Powerhouse News and has been published here with permission.

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