On Thursday’s broadcast of CNBC’s “Squawk Box,” Transportation Secretary Pete Buttigieg stated that building eight electric vehicle charging stations so far under the Inflation Reduction Act’s $7.5 billion investment in electric vehicle charging stations is “on track.” Because most construction will occur in the second half of the decade.
Co-host Joe Kernen asked, “ur designs on electrification of the auto industry, have we recalibrated there? And I’ll just give you one item and you can — maybe you can explain why, but under the Inflation Reduction Act, 7.5 billion for building these charging stations. The latest information, eight have been built with the 7.5 billion that had been allocated. You’re supposed to get to 500,000 of these charging stations by 2030.
Buttigieg responded, “Oh yeah, that’s on track. So, we’re at about 190,000 publicly available charging stations in the U.S. That’s approximately double what the level was when President Biden came in. The issue, though, is that there are some gaps in the market, ones that are just not going to be built by the private sector that’s been building the construction of those chargers to date.
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