US EVs to receive diminished funding
Biden administration may still have options to increase funding pot, including reconciliation
Joe Biden’s $157bn plan to supercharge the US electric vehicle (EV) sector was chopped down severely to $15bn in the final version of the bipartisan infrastructure bill, with federal vehicle fleets and school buses no longer to be electrified and just $7.5bn provided to achieve the administration's target of having 500,000 EV charging points. But the Democrats hope to make more funding available eventually, and some rollout may also happen without government support. “We really see this as a downpayment,” says Alex Laska, transportation adviser at thinktank Third Way Energy in Washington, DC. “If all $7.5bn went to EV charging we could get to 500,000 stations or more, depending on the way it
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub