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EV Chargers Would Line U.S. Interstates Under $5 Billion Funding Plan

  • Biden administration announces program to spend $5 billion
  • Texas would get the most, with $408 million over five years
    

    

Photographer: Alex Kraus/Bloomberg
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The Biden administration plans to spend $5 billion over five years to install chargers for electric vehicles, mostly along interstate highways, in an effort to jump-start acceptance of the vehicles. 

Another $2.5 billion will be doled out in competitive grants focused on rural and underserved communities, according to a joint announcement by the departments of Transportation and Energy. The money is coming from the bipartisan infrastructure bill passed by Congress in November.