Biden Announces First Round Of Funding For EV Charging Network Across 35 States

President Joe Biden announced Wednesday the release of the first round of funding for a nationwide electric vehicle charging network, financing the construction of stations in 35 states.

“I’m pleased to announce that we’re approving funding for the first 35 states, including Michigan, to build their own charging infrastructure throughout their state,” Biden said at the Detroit Auto Show, standing in front of a spate of electric vehicles.

Biden has been a big proponent of EVs, signing into law incentives to encourage consumers to buy them and companies to build them. The Bipartisan Infrastructure Law included $7.5 billion for a national EV charging network while the Inflation Reduction Act and the CHIPS and Science Act both included provisions fostering development of the industry in the United States.

“You all are going to be part of a network of 500,000 charging stations — 500,000 — across the country, installed by the IBEW,” Biden said, referring to the International Brotherhood of Electrical Workers labor union.

Read the full article from CNBC here.