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US announces $325 million to repair EV chargers, cut battery costs

Published 01/19/2024, 05:19 AM
Updated 01/19/2024, 12:27 PM
© Reuters. FILE PHOTO: An electric car charging station is seen in the parking garage of Union Station in Washington, U.S., September 29, 2022. REUTERS/Sarah Silbiger/File Photo

(Reuters) -The U.S. Departments of Transportation and Energy will invest$325 million across three programs to advance EV technologies, repair chargers and cut battery costs, the White House said in a statement on Friday.

"This new funding for EV chargers will repair and replace existing, non-operational chargers across the country, reduce costs for deploying charging in underserved communities, and cut battery costs", the statement added.

© Reuters. FILE PHOTO: An electric car charging station is seen in the parking garage of Union Station in Washington, U.S., September 29, 2022. REUTERS/Sarah Silbiger/File Photo

On Thursday, the U.S. awarded nearly $150 million for projects in 20 states to repair or replace nearly 4,500 existing electric vehicle charging ports.

The new funds are part of the $5 billion National Electric Vehicle Infrastructure (NEVI) program funded by a $1 trillion 2021 infrastructure law. Under the program, states need to operate federally-funded charging ports for at least five years, which must work 97% of the time.

Latest comments

Yes, governments around the world are introducing policies to support the development of new energy and related sectors. The leading charging company NAAS (NASDAQ: NAAS) will gain long-term high growth potential. #NAAS
Why aren't the users picking up the bill on repairs?  And where does the money go that people pay when using these re-chargers?
Another Democrat green energy boondoggle… Anyone remember Solona?
Sad wasteful spending but they just keep trying to make that square tire roll.
Sinistres Crétins...all those governments,
Funny and waste of time and money
Funning is how the USA subsidies petrol and diesel. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. European Union subsidies are estimated to total 55 billion euros annually.
Subsidies have nothing to do with the feasibility of the vehicle.
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