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Wednesday, 29 June 2022 11:12

Biden Administration Details $700M in Investments to Boost EV Charging Infrastructure

Written by Christine Jean-Baptiste, Teslarati

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The Biden Administration announced June 28 a few private companies have committed more than $700 million in investments to boost domestic production of more than 250,000 new electric vehicle chargers annually.

According to the White House, this investment will create at least 2,000 well-paying jobs and make EV charging more accessible, affordable and fair.

 

The $700 million in private investments will follow the $7.5 billion from President Joe Biden’s Bipartisan Infrastructure Law, which aims to help the EV sector by adding more charging infrastructure throughout the country, among many other things.

 

The White House said the most key investments come from Electrify America and Siemens, which announced an additional $450 million in investments the same day to help grow the infrastructure of ultra-fast chargers for EVs.

 

While Electrify America’s investments will “support the rapid deployment of up to 10,000 ultra-fast chargers at 1,800 charging stations,” Siemens is on track to build 1 million EV chargers over the next four years.

 

Additional industry actions include ABB E-Mobility with 125 new jobs in two new facilities; ChargePoint, which will establish new production lines for Level 2 chargers at its Milpitas, CA, facility, and create approximately 250 new manufacturing jobs; and FLO, which will invest $3 million to build 30,000 charging stations annually.

 

Tesla was also mentioned by the White House for its dedication to deploying fast-charging stations and adding to its already industry-leading infrastructure.

 

“More than 1,600 employees work at Giga New York producing the Tesla Solar Roof and Supercharger stations, which are capable of charging vehicles up to 250 kW," the White House said. "Tesla is expanding production capacity of power electronics components that convert alternating current to direct current, charging cabinets, posts and cables. Later this year, Tesla will begin production of...


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