States will get $5 billion for charging stations for electric cars

States will get $5 billion for charging stations for electric cars

The U.S. Department of Transportation intends to create 500,000 charging stations along all interstate highways by 2030. All states will be given $5 billion over 5 years and then $2.5 billion in discretionary grants.

Once all stations are installed, drivers will have access to charging every 50 miles across the country. The funds will come from the National Electric Vehicle Infrastructure (NEVI) Formula Program. The program was created in strict compliance with the Infrastructure Act, which President Biden signed into law in November 2021.

Infrastructure will only be compatible with battery-powered vehicles. Soon, by switching exclusively to electric cars, Americans will be able to save a titanic amount of money by doing away with gasoline forever.

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