Today, President Biden revealed the $174B part of his economic package prioritizing EV infrastructure. 🇺🇸
The President wants to build 500,000 EV charging stations throughout the US by the end of 2030. His bill also incentivizes American development and adoption of electric cars— money is allocated to retool factories, boost the domestic supply of EVs, and offer tax incentives to EV owners.
Right now, there are only ~41,400 charging stations in the entire country. Not only that, less than 5,000 of those are ‘Level 3’ fast chargers capable of charging EVs to 80% in under 10 minutes.
Will this change happen lightning fast?! ⚡
Only time will tell…