Image source: Utility Dive

Biden administration awards $900 M for EV charging network

USA, Washington, D.C: The Biden administration has announced approving the electric vehicle charging network plans submitted by 35 states.

This represent $900 M in investment for Fiscal Years 2022 and 2023.

The president has set a goal for half of new US car sales to be electric by 2030. Experts say achieving that level of EV adoption will require expanding domestic battery production capacity, in part due to purchasing requirements tied to federal incentives.

The Federal Highway Administration has said it is working to develop rules for how formula NEVI funds can be spent, and indicated it will finalize that rulemaking “expeditiously.” The rules would set standards for the national charging network, and the agency said it is considering a waiver from domestic purchase requirements “that will allow a short ramp up period for the domestic manufacturing of EV charging.”

Global battery production is now dominated by China, but US automakers are working quickly to onshore that industry. EV purchase incentives also hinge on components manufactured in the USA.

Ford is building three new battery plants in the USA with a total capacity of 129 GWh, and production is expected to start by 2025.

“Our next generation of EVs are coming, leveraging advances in cell chemistry, battery pack design and battery management software,” Charles Poon, Ford’s global director of electrified systems engineering, said Wednesday at the Novi Battery Show, outside of Detroit.

The conference is hosted by Informa, which recently purchased Industry Dive.

 

Source: Utility Dive