What does this mean for electric car bills?

The Infrastructure Act makes a historic investment in the electric vehicle sector by improving the availability of charging stations, allowing electric vehicles to charge their batteries on the go, and removing barriers to further electric vehicle adoption across the country.1 The $2 trillion bill would improve infrastructure and approve a five-year state transportation program that would improve infrastructure and create millions of jobs.

The Infrastructure Investment and Jobs Act (IIJA) will invest billions of dollars and create new opportunities further to stimu.5, At a new cost of $500 billion, the future of U.S. infrastructure, especially for the electric vehicle industry. Find out in detail what steps the infrastructure will take to transform it.

Electric cars and electric vehicle charging 

The bill includes $7.5 billion to accelerate the adoption of electric vehicles and create a National Electric Charging Network that will increase the availability of charging and make long-distance travel easier. This funding includes the National Electric Vehicle Prescription Program, created to give states $5 billion over five years to develop electric vehicles strategically.

It also includes an additional $5 billion. A total of $2.5 billion would support state and local governments, eligible contractors, and nonprofit school transportation associations that import low- and zero-carbon school buses.

Another $65 billion will be available for clean energy and renewable energy investments in the national energy system, committing to a more resilient system. This funding is also available for a range of clean energy technologies.

The industry now and in the future 

This government support will have a significant impact on the electric vehicle industry in the coming years. Congress is working to further maximize the use of electric vehicles by trying to pass the Better Business Recovery Act (BBBA), which would expand and extend access to electric vehicle tax credits for both infrastructure and consumers. Combined with additional program funding from utilities and government agencies, the tailwind for the electric vehicle charging infrastructure industry is encouraging.