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IPFS News Link • Energy

The Flaw In Biden's Electric Vehicle Charger Plan

• Zero Hedge

By Charles Kennedy of OilPrice.com

Biden administration earmarked $5 billion for states with EV charging infrastructure plans.

Retailers are worried that government money for EV chargers may mute private investment.

The Biden administration's EV infrastructure plan aims to install half a million EV chargers in the coming years.

The Biden administration has earmarked $5 billion ready to be disbursed to states with EV charging infrastructure plans in place. States are on board with the shift to EVs and are indeed making plans for charging infrastructure. But the people at the end of the line, those who will host the chargers, are having misgivings. Utility Dive reported this week that convenience store owners have sounded the alarm about the EV infrastructure bill, saying the legislation behind it is discouraging private investment, which is going to be essential for the successful shift to EVs.


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