U.S. Transportation Department Awards Grants to Repair EV Chargers -- OPIS
January 18 2024 - 10:16AM
Dow Jones News
The U.S. Transportation Department announced Thursday that it is
awarding about $150 million in grants to 24 recipients in 20 states
to repair or replace roughly 4,500 electric vehicle charging ports
and to bring some of them up to code.
The grants are part of the $5 billion National Electric Vehicle
Infrastructure Formula Program designed to build out the EV
charging infrastructure, the DOT said in a news release. The Biden
administration aims to bring at least 500,000 public EV chargers
online by 2030.
Under the program rules, 10% of the funds are to be distributed
to states and localities for additional help deploying charging
stations. This first round of funding focuses on improving the
reliability and accessibility of the current network and
complements larger-scale investments by government and private
companies to build new charging stations, the release said.
Earlier in January, the Federal Highway Administration announced
$623 million in grants for the first round of the Charging and
Fueling Infrastructure Discretionary Grant Program, funding 47 EV
charging and alternative-fueling infrastructure projects in 22
states and Puerto Rico.
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--Reporting by Donna Harris, dharris@opisnet.com; editing by
Steve Cronin, scronin@opisnet.com
(END) Dow Jones Newswires
January 18, 2024 11:01 ET (16:01 GMT)
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