First EV Charging Station Funded by Biden’s IRA Opens

Reaping Rewards of $7.5 Billion Investment

The executive branch of the United States government declared on Wednesday that the first electric vehicle charging station sponsored by the substantially priced $7.5 Billion EV Charging Action Initiative (revealed earlier this year by President Joe Biden) is now operational and operating in Ohio.

If you’re not acquainted with the specifics, the White House is looking to extend the nationwide electric vehicle charging network to a half-million chargers, situated no further apart than 50 miles on premier expressways and motorways. Funding of $7.5bn has been allocated for this mission courtesy of the Bipartisan Infrastructure Act (BIL).

The White House has reported that the United States now has more than 165,000 public charging ports, and that the number of publicly available fast charging ports has risen by more than 70% since President Biden assumed office. Furthermore, they noted that “many states have begun issuing proposals or awarded contracts” for the installment of additional chargers that have been funded through the Better Infrastructure for Less (BIL) program.

It is clear that progress is being made, however, it isn’t going as quickly as one may desire. In a study conducted by S&P Global Mobility in January of this year, the statistics revealed that there were around a total of 140,000 charging points accessible across the United States. If the demand for electric mobility is to become viable, they estimate that the country must quadruple its number of these charging facilities within the next three years.

This project has been in the works for a couple of years, yet it is commencing to yield results – something which is not lost on opponents in elective office. All the while, companies have stepped up as well. Walmart, Subway, and more recently Starbucks have all introduced plans to initiate their own EV chargers.

No-one will purchase Electric Vehicles (EVs) if they have no ability to use them. Ford is considerably lowering their F-150 Lightning production by half because sales of EVs have dramatically decreased since the effects of the pandemic passed.

Amidst sinking market demand for electric vehicles, dealers across the United States are imploring President Biden to reevaluate intensified emissions control legislation. Should this pass, nearly two-thirds of all newly sold light vehicles would have to be either electrical or renewable energy driven – leaving little option other than purchasing EVs with the current insignificant customer preference. Synthetic fuels still require increased development, leaving car dealers reliant on electric powered motor vehicles.

Dealers likely will not take kindly to being obliged to offer products that don’t seem to be popular, however, those buyers won’t adjust their opinions without extra resources, in the least. Knowing that alterations generally originate from the upper echelons, let us wish it will not take another two years for further power suppliers to be made available.