Part of the funding allocated will go towards fixing non-working charging equipment, with nearly $149 million in grants dedicated to this effort. The goal is to bring 4,500 broken public chargers back into operation. The White House emphasizes that these programs are intended to improve the reliability and resilience of publicly accessible chargers. Additionally, the funding aims to advance electric vehicle (EV) technologies and provide support for workforce development in EV charging deployment and maintenance.
In addition to the funding announcement, the Biden administration has also revealed its intention to propose regulations related to the 30C tax credit. These recommended definition changes would enable approximately two-thirds of Americans to qualify for up to a 30 percent discount on charging equipment.
Among the list of companies involved in these initiatives are automakers such as BMW, General Motors (GM), Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis. This joint venture is expected to install a total of 30,000 EV charging stations.
The funding recipients include EdgeEnergy, BorgWarner, Daimler Truck North America, NextEra Energy, BlackRock Alternatives, Ingeteam, Atom Power, XCharge North America, Star Charge, and LG Electronics.