Hyperdrive
California Boosts Electric-Car Charging Investment by $1 Billion
Electric vehicle (EV) charging stations in a municipal parking lot in Los Angeles.
Photographer: Dania Maxwell/BloombergThis article is for subscribers only.
California plans to spend an additional $1 billion to bolster its vehicle-charging network as it races to build the infrastructure needed to phase out gas-powered trucks and cars.
The five-year program will allocate 70% of the funding for medium- and heavy-duty vehicle charging, with the balance for light-duty equipment at or near multi-unit dwellings, according to a California Public Utilities Commission statement Thursday.