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
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity