$7.5 Billion Bipartisan Investment Nets Only 7 EV Charging Stations

When people gripe about paying taxes and the government being a poor the absolute worst possible capital allocator, this is what they are talking about $7.5 billion in investments for electric vehicles has - in two years - produced just 7 charging stations across four states. The Bipartisan Infrastructure Law, signed by Biden in November 2021, allocated $7.5 billion for EV charging, the Washington Post writes.

has nearly 10,000 fast charging stations, including over 2,000 reliable Tesla Superchargers, but non-Tesla chargers often suffer from poor performance. New Biden administration rules require chargers to be 97% operational, offer 150kW power, and be within one mile of highways. These standards are crucial but slow down progress due to complex rules, permitting challenges, and power demands.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UAE Plans $13.5 Billion Investment in Brazil BiofuelsThe investment arm of the UAE's sovereign wealth fund plans to make a $13.5 billion investment in biofuels in Brazil.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Glasgow investment zone attracts almost £2 billion of funding bids from businessesThe Glasgow City Region investment zone will enable projects to benefit from investment, tax reliefs and other incentives over the next decade.
Source: Glasgow_Live - 🏆 4. / 97 Read more »