Biden’s $7.5 Billion Investment In EV Chargers Has Only Seen 7 Stations Built

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A Biden administration spokesperson still believes the U.S. could 500,000 EV chargers by 2026

The number of publicly-funded chargers is expected to grow significantly this year States need to submit plans to the administration and solicit bids to construct the chargers The $7.5 billion in funding is enough for approximately 20,000 charging points It’s been over two years since the Biden administration said it would provide $7.5 billion in investments to establish a nationwide EV charging network. It ultimately hopes to have 500,000 charging points in operation.

Atlas Public Policy founder Nick Nigro says some delays are to be expected and believes things will start ramping up this year. “State transportation agencies are the recipients of the money,” he said. “Nearly all of them had no experience deploying electric vehicle charging stations before this law was enacted,” Nigro said. “I expect it to go much faster in 2024.” Chargers must meet new standards. The strict requirements of publicly funded chargers have also delayed their introduction.

 

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