Current:Home > NewsFederal money is now headed to states for building up fast EV chargers on highways -Zenith Investment School
Federal money is now headed to states for building up fast EV chargers on highways
Indexbit Exchange View
Date:2025-04-08 15:00:43
Efforts to build electric vehicle chargers just got a jolt of new energy: every state in the United States, as well as the District of Columbia and Puerto Rico, now has access to federal funds for charging infrastructure projects.
The funds are part of a big plan from the Biden Administration to improve access to charging, which is currently difficult to find on many highways. Gas- and diesel-powered vehicles are major contributors to climate change, but transitioning away from them will require far more charging locations and other infrastructure changes.
The bipartisan infrastructure bill included $5 billion for building up the availability of chargers over 5 years. Today, states have approval to access $1.5 billion of that funding so they can deploy chargers that the Department of Transportation estimates will cover some 75,000 miles of highway.
What's the plan?
The goal is to have a network of highways with EV charging stations every 50 miles. The exact location of new chargers is largely up to states, who submitted their plans to the federal government. States can spend the funds not just to build new chargers, but also to upgrade existing ones, maintain stations, add signs advertising chargers, and cover other directly related expenses.
You can see each state's approved deployment plan here.
The funding comes with strings attached – strings intended to ensure that this network of chargers is fast, reliable, and convenient.
To that end, states are to prioritize building chargers along the interstate highway system. Each charging station is required to include at least four fast-speed plug-ins. And chargers must be non-proprietary, meaning they connect to more than one auto brand.
The White House originally said the goal was to build 500,000 chargers in five years; it's not clear if that target is feasible. But even a fraction of that could be a significant change. There are currently just over 100,000 public chargers in the U.S., according to the Alliance for Automotive Innovation.
Why do it?
There's a real fear of running out of power with nowhere to charge, and that fear is widely seen as one of the biggest roadblocks to the mass adoption of electric vehicles.
Take Phil Torres, a portfolio manager in Chicago.
When he was considering buying an electric car, he spent a lot of time thinking about whether he would be able to find enough public chargers on the road.
He took the plunge anyway, purchasing a Polestar 2, an electric sedan.
And he put it to the test shortly after, on a six-week road trip with his son to visit prospective colleges.
He still remembers the stress from watching his battery icon slowly drain while in pursuit of a charger.
"You're really holding your breath," Torres recalls. "Am I going to make it? - 'cause you could just, like, see you go from, like, 4% to 3%."
What about the chargers and the charging speed?
The administration wants fast chargers — what's known as level 3 chargers, or direct current fast chargers. DC fast chargers can nearly replenish a car's battery in 15 to 45 minutes, depending on the vehicle.
They're a much faster option than level 2 chargers, which take around 5 hours to charge a vehicle. Right now though, there are far fewer DC fast chargers on the road than there are level 2.
What are some of the key challenges?
Like with many projects, the main challenges come down to time and money.
A DC fast charger can cost anywhere from $30,000 to $140,000, and that doesn't even include the cost of installation.
And because there are relatively few electric vehicles on the road right now, those chargers often sit idle, making it difficult to pay off that initial investment.
Plus there's all kinds of red tape for things like planning and permitting.
There's also the fact that this is emerging technology, and there are still bugs being worked out. Reliability is a big issue with charging stations.
Phil Torres experienced this firsthand on his road trip with his son. He pulled up to chargers that were out of service or that wouldn't connect with his vehicle – issues that meant he had to go looking for another charger.
"The real problem is if you get there and it won't sync with your car, or it's out of service, it needs a reboot, something like that. You're kind of hosed," Torres says.
Is the Biden plan enough?
Put simply, no.
By some estimates it could take $40 billion – 8 times the amount the federal government will provide – to build all those chargers.
But Britta Gross, at energy consulting firm RMI, says this is an important start that could help jumpstart private investment.
"That could be the confidence-inspiring trigger that says, 'Hey, private investment, pick up now where the federal government has now stepped aside, and now it's time for the free market to take this thing into scale,' " she says.
Right now, there are about 46,000 charging stations in the United States, compared to around 150,000 gas stations. (That figure counts a location with multiple ports as a single charging station).
Some of those chargers have been built by automakers. Tesla has built more than 900 of its own chargers in the U.S., though — for now — those stations only charge Tesla vehicles.
Others have been built by independent charging providers, like Electrify America, EVgo, and ChargePoint. These companies frequently partner with gas stations, big box stores, and grocery stores where they install their chargers. And now, many of those companies will be contracting with state governments to realize their plans for highway charging networks.
A version of this story previously ran on April 30, 2022.
veryGood! (136)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- AP Week in Pictures: Global
- Yes, French President Emmanuel Macron and the Mayor of Rome Are Fighting Over Emily in Paris
- Jelly Roll album 'Beautifully Broken' exposes regrets, struggle for redemption: Review
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Pharrell says being turned into a Lego for biopic 'Piece by Piece' was 'therapeutic'
- Sean “Diddy” Combs to Remain in Jail as Sex Trafficking Case Sets Trial Date
- SEC, Big Ten flex muscle but won't say what College Football Playoff format they crave
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Yankees get past Royals to reach ALCS, seeking first World Series since 2009
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- BrucePac recalls 10 million pounds of ready-to-eat meat: See list of 75 products affected
- Video shows Florida man jogging through wind and rain as Hurricane Milton washes ashore
- Man is charged with hate crime for vandalizing Islamic center at Rutgers University
- 'We're reborn!' Gazans express joy at returning home to north
- Joan Smalls calls out alleged racist remark from senior manager at modeling agency
- One Tech Tip: Here’s what you need to do before and after your phone is stolen or lost
- Best-selling author Brendan DuBois indicted on child sex abuse images charges
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Hurricane Milton from start to finish: What made this storm stand out
Sister Wives' Christine Brown and Janelle Brown Reveal Where Their Kids Stand With Robyn Brown’s Kids
Reba McEntire's got a friend in Carole King: Duo teamed on 'Happy's Place' theme song
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Polling Shows Pennsylvania Voters Are Divided on Fracking
Sean “Diddy” Combs to Remain in Jail as Sex Trafficking Case Sets Trial Date
Horoscopes Today, October 10, 2024