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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.

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The redesigned federal EV tax credit and other EV-related measures

Charged EVs

Some fear that the new rules will penalize startups such as Lucid and Rivian, which are selling pricey luxury vehicles, presumably as the first phase of an iterative strategy to work their way to more affordable EVs (as Tesla originally planned to do). Lucid’s sedans currently start at over $80,000, and Rivian’s pickups start at $72,500.