WASHINGTON : The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle chargers - actions set to add at least 2,000 jobs and make charging more accessible and affordable.
FLO, an EV charging network operator, is also investing $3 million in its first U.S. assembly plant in Auburn Hills, Michigan. Last August, President Joe Biden set a non-binding goal to make half of all new vehicles sold in 2030 electric, fuel cell or plug-in hybrid. As part of that, he wants to see the U.S. network of EV chargers grow to 500,000 by 2030, up from about 100,000 today.
Biden's goals and the subsidies have helped spur private investments, White House deputy national climate advisor Ali Zaidi told reporters on Monday.