The U.S. Departments of Transportation and Energy will invest USD 325 million across three programs to advance EV technologies, repair chargers and cut battery costs, the White House said in a statement on Friday.
“This new funding for EV chargers will repair and replace existing, non-operational chargers across the country, reduce costs for deploying charging in underserved communities, and cut battery costs”, the statement added.
On Thursday, the U.S. awarded nearly USD 150 million for projects in 20 states to repair or replace nearly 4,500 existing electric vehicle charging ports.
The new funds are part of the USD 5 billion National Electric Vehicle Infrastructure (NEVI) program funded by a USD 1 trillion 2021 infrastructure law. Under the program, states need to operate federally-funded charging ports for at least five years, which must work 97% of the time.
