article thumbnail

First round of $700M in funding from $2.5B Charging and Fueling Infrastructure program opens

Green Car Congress

The $700 million is allocated for Fiscal Years (FY) 2022 and 2023 to deploy EV charging and other alternative vehicle-fueling infrastructure projects strategically in publicly accessible locations in urban and rural communities, as well as along designated Alternative Fuel Corridors (AFCs). Earlier post.)

article thumbnail

What are the investment opportunities in the Alternative Fuel Corridor Program?

Setec Powerr

As more and more major highways are designated as Alternative Fuel Corridors, while electric vehicle charging networks are being accelerated with funding stimulated by bipartisan infrastructure laws. Today, many savvy investors are also taking notice of this up-and-coming market and have even started a related business.

article thumbnail

Three Major Sources of Funding for EV Charging at Convenience Stores and Truck Stops

Blink Charging

Furthermore, by 2035, EVs are projected to account for 45% of the market , up from a forecast of 32% in 2030. 5 billion is allocated for the NEVI program, which will be used by the states for the establishment of an interconnected national network of direct current fast chargers (DCFCs) along designated Alternative Fuel Corridors.

Store 52
article thumbnail

Blink’s 2023 Year in Review

Blink Charging

Following this Miko de Haan , the Managing Director overseeing European operations, ascended to the role of President for Blink Europe and Emerging Markets. Vice President of Global Marketing, joined our esteemed executive team. Additionally, Jenifer Yokley , Sr.

article thumbnail

Volkswagen AG agrees to plead guilty and pay $4.3B in criminal and civil penalties; 6 execs and employees indicted

Green Car Congress

This new engine would be the cornerstone of a new project to sell diesel vehicles in the United States that would be marketed to buyers as “clean diesel,” a project that was an important strategic goal for VW’s management. Around 2012, hardware failures developed in certain of the diesel vehicles.

article thumbnail

Opinion: Stop Subsidizing Electric Vehicle Programs

The Truth About Cars

billion Charging and Fueling Infrastructure Discretionary Grant Program. The White House has said the program will fund nearly 50 EV charging and alternative-fueling infrastructure projects in 22 individual states and Puerto Rico. According to the Department of Energy, the money comes via the $2.5