The U.S. Transportation Department announced Thursday that it is awarding about $150 million in grants to 24 recipients in 20 states to repair or replace roughly 4,500 electric vehicle charging ports and to bring some of them up to code.
The grants are part of the $5 billion National Electric Vehicle Infrastructure Formula Program designed to build out the EV charging infrastructure, the DOT said in a news release. The Biden administration aims to bring at least 500,000 public EV chargers online by 2030.
Under the program rules, 10% of the funds are to be distributed to states and localities for additional help deploying charging stations. This first round of funding focuses on improving the reliability and accessibility of the current network and complements larger-scale investments by government and private companies to build new charging stations, the release said.
Earlier in January, the Federal Highway Administration announced $623 million in grants for the first round of the Charging and Fueling Infrastructure Discretionary Grant Program, funding 47 EV charging and alternative-fueling infrastructure projects in 22 states and Puerto Rico.
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--Reporting by Donna Harris, dharris@opisnet.com; editing by Steve Cronin, scronin@opisnet.com
(END) Dow Jones Newswires
01-18-24 1101ET
