Power Magazine quoted partner Levi McAllister explaining how the US Departments of Energy and Transportation’s new National Electric Vehicle Infrastructure (NEVI) Formula Program will deploy the $5 billion allocated to create a nationwide network of electric vehicle (EV) charging stations. Levi said the development of this infrastructure is the “threshold issue to be resolved” before the United States can see more EVs on the road.
“Equally important, this issuance is a significant action that is necessary in order to turn on the spigot for at least $5 billion of the $7.5 billion in federal funds allocated to EV charging in November 2021’s infrastructure bill,” Levi shared.