As electric vehicle (EV) sales continue to grow, a key element of successful implementation and adoption is a network of public charging stations readily available to consumers. The Bipartisan Infrastructure Law (BIL) makes a transformative investment in electric vehicle charging in U.S. history. The Biden-Harris administration has prioritized a total of $7.5 billion to buildout 500,000 charging stations by 2030 and make EVs accessible to all Americas for both local and long-distance trips.
Of the $7.5 billion the BIL allocates $5 billion over the next five years for the National Electric Vehicle Charging Formula Program, which provides funding to states to create charging station and establish a national network. The funds will be distributed by predetermined formulas, and can be used for the installation, operation and maintenance related to EV infrastructure. Also, under this program, charging stations must be located along Federal Highway Administration designated alternative fuel corridors.