Biden Announces $900 Million Investment for Electric Vehicle Chargers

Sofia Strohmeier, Copy Editor

On Wednesday, Sept.14, at the Detroit Auto Show, President Joe Biden announced clearance for the first investment of $900 million for electric vehicles as part of the bipartisan infrastructure law to produce additional charging stations across 35 states. 

In an attempt to resolve the shortage of stations and increase the usage of electric vehicles, the 2021 infrastructure legislation reserved $5 billion to use for more than five years to grant states the opportunity to manufacture more charging stations. 

Currently, the United States has 41,000 total charging stations and 6,000 DC Fast charging stations across the nation. Biden’s proposal seeks to introduce a total of 500,000 new chargers across 53,000 miles of the country’s highway system. 

December 2021, Biden signed an order instructing the government to buy the majority of electric or hybrid car models by 2027, and today they own over 650,000 vehicles. Additionally, by 2030, Biden aims for 50% of new vehicle sales in the U.S. to be fully electric or hybrid. 

Biden’s aspirations to advance electrification will encourage the EV market to increase from $28.24 billion in 2021 to $137.43 billion by 2028. The U.S. plans to independently create an electric vehicle supply chain to not only boost the economy but combat climate change.