Wednesday, March 29, 2023
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Biden Admin Announces Plan to Spend $2.5 Billion on ‘Creating an EV Future’

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the federal government on Tuesday announced $2.5 billion in new grants for the construction of electric vehicle charging stations and alternative fueling infrastructure, aiming in part at increasing access in underserved neighborhoods and communities.

Known as the Charging and Fueling Infrastructure or CFI program, the grants will be doled out over a five-year period, with an emphasis on both highway chargers but also locations in traditionally underserved and disadvantaged urban, rural and tribal communities.

A statement from the Department of Transportation said the grants will be targeted to “fill gaps in the national charging and alternative-fueling network.”

Transportation Secretary Pete Buttigieg said in the statement that the overarching goal is “modernizing our infrastructure and creating good jobs in the process.”

He hailed the fresh funding as “another big step forward in creating an EV future that is convenient, affordable, reliable, and accessible to all Americans.”

 

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