The Biden-Harris Administration has just announced progress and action on their ambitious plan to construct a trustworthy, dependable, and all-American electric vehicle (EV) charging network in order to electrify the iconic American road trip. This groundbreaking initiative has far-reaching implications for combatting climate change and creating good-paying jobs throughout the country. Let's take a closer look at why this policy is so important and what progress and action have been made.
Achieving 500,000 Chargers by 2030
The Biden-Harris Administration's goal is to install 500,000 EV charging stations across the country by 2030. This will provide convenient access to EV charging stations in cities, suburbs, and rural areas alike. In doing so, it will increase accessibility to electric vehicles and make it easier for more people to choose EVs as their mode of transportation. Additionally, this goal includes creating chargers that are accessible to low-income households in underserved communities as well as increasing opportunities for workplace charging at employers' sites across the country.
Increasing Electric Vehicle Sales by 50% in 2030
The Administration also aims to increase EV sales by 50% in 2030 through targeted incentives and investments aimed at making EVs more affordable and accessible. These investments include $15 billion in grants over five years from the US Department of Transportation (USDOT) towards state and local governments building public EV charging infrastructure; $10 billion from The Department of Energy (DOE) towards research, development, demonstration projects; and $174 million from The Environmental Protection Agency (EPA) towards increasing consumer access to EVs. With these incentives in place, more people will be able to purchase electric vehicles thus contributing towards reducing America’s carbon emissions significantly both domestically and globally.
Advancing the Domestic EV Industry
The Biden-Harris Administration is also committed to advancing the domestic EV industry throughout America’s auto sector supply chain with an emphasis on investing funds into American manufacturers of batteries, motors, and other components of EVs while creating new jobs in the process, especially within minority communities who face greater unemployment than other groups during this time of economic hardship caused by the pandemic. This initiative will provide even more support for small businesses that are already investing heavily in innovation within the automotive industry such as Metric Motors which specializes in providing engineering solutions for electric vehicle technology including battery systems integration services.
By making EVs more affordable and accessible with a reliable nationwide network of public charging stations, the Biden-Harris Administration's policy has tremendous potential for helping combat climate change while simultaneously creating good-paying jobs throughout the United States economy - something we can all get behind! It is clear that this policy represents a major step forward toward achieving net zero emissions by 2050 while also providing increased opportunities for innovation within both the manufacturing and installation sectors of our nation’s auto industry going forward. For this reason alone it deserves our full support now and into the future.
According to the Biden administration, the Infrastructure Law is an exciting, ambitious initiative that will invest over $26 billion in electric vehicles (EVs), charging infrastructure, and battery components. This legislation also complements the Inflation Reduction Act which provides important tax credits for EV purchases and the installation of charging stations. Additionally, there are dozens of other federal programs designed to promote domestic manufacturing and erect a nationwide network of EV charging facilities. All these measures together promise a brighter future for clean transportation! According to the White House, America's transportation future is brighter than ever. They believe we are witnessing a cleaner, safer, and more reliable experience that comes at an affordable price. Today’s announcements not only demonstrate this progress but also highlight how American manufacturing and well-paying union jobs are accelerating the clean energy transition.
The White House underscores that since President Biden's initiative and unprecedented federal investment, electric vehicle (EV) sales have multiplied threefold and public charging ports are up by an astonishing 40% since he assumed office. Already there are over 130,000 chargers nationwide servicing 3 million EVs on the roads, the White House claimed. To streamline charging for electric vehicles, the advancement of a dependable and convenient charging network is indispensable, the White House stated. According to the White House, nowadays, numerous businesses such as Tesla, General Motors, EVgo, Pilot Hertz, and bp are pledging to expand their networks with thousands of public ports in the upcoming two years! Private money will be used alongside federal dollars to make our nation's goals achievable faster than ever.
See the full statement at the link below to read about all the partners and organizations that will play a key role in carrying out this Net Zero vision for the automotive industry.