Grow Your EV Charging Business With $2.5 Billion in Federal Funding


In the last couple of years, the US government has provided significant financial support for the development of electric mobility and clean transit technologies. The Bipartisan Infrastructure Law (BIL), in particular, stands out as a noteworthy initiative that has allocated a massive $7.5 billion towards the establishment of a widespread network of 500,000 EV charging stations across the country. These stations are intended to be both easily accessible and reasonably priced, making them a reliable option for individuals traveling on highways and within local communities.

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The BIL's funding of $7.5 billion is divided into two primary areas:

Firstly, $5 billion is earmarked for the National Electric Vehicle Infrastructure (NEVI) Formula Program, which aims to construct high-speed charging stations along specific Alternative Fuel Corridors. The primary goal is to facilitate long-distance travel, particularly along the Interstate Highway System.

Secondly, the Charging and Fueling Infrastructure (CFI) Discretionary Grant Program is allotted $2.5 billion. This program will distribute funds to various entities such as cities, counties, regional governments, and tribes, with the objective of assisting them in deploying clean energy fueling systems within their respective communities.

The $2.5 billion allocated to the Charging and Fueling Infrastructure (CFI) program can be further categorized as follows:

Firstly, $1.25 billion will be allocated to the Community Program to deploy charging infrastructure in various communities, with a specific emphasis on underserved and low-income communities, as well as those with a high proportion of multi-unit housing.

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Secondly, $1.25 billion will be designated for the Corridor Program, aimed at deploying charging infrastructure along specific Alternative Fuel Corridors (AFCs).

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