Biden administration will help boost EV sales by creating more charging stations

The Biden administration has announced plans to boost electric vehicle production and adoption by allocating funds to the creation of charging stations across the country.

The president has committed to building 500,000 charging stations by 2030. This initiative will help America make the transition towards clean energy and reduce carbon emissions while ensuring our country’s future generations can enjoy a sustainable environment.

The new rules will establish national minimum standards for electric vehicle charging stations and make them available to all drivers. Regardless of the brand, company or location – a user can charge the car at any outlet.

To help combat climate change, President Biden wants to make the transport sector more environmentally friendly. The administration plans on allowing 50% sales of electric vehicles by 2030.

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Transportation Secretary Pete Buttigieg said, “Everyone deserves a chance to benefit from EVs.”

“We’re paying attention not only to the quantity of EV chargers but also their quality. Everyone should be able to find a working charging station when and where they need it,” secretary Buttigieg added.

The White House has already started a program to install chargers in public areas. They have already allocated $5 billion for this initiative earlier this year.

To ensure that the charging stations are fair for everyone, all the stations will have a similar payment system, pricing information, and charging speed. The system will also upload real-time information about the charging station so that EV owners will know what to do before they reach the charging station.

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“We’re tackling range anxiety and vehicle charging deserts by making sure that charging stations are easily and equally accessible, allowing every American can get coast to coast in an electric vehicle,” said Jennifer Granholm, the Energy secretary, in a statement.

EVs are a great way to cut carbon footprint. They spend 60% less on fuel compared with gas-powered cars every year, according to a study by Consumer Reports in 2020.

The United States is home to a large number of EV owners, placing it third among major global markets like China and Europe.

The federal government is giving incentives to consumers who buy EVs made by union workers. By 2035, the Biden administration promises that 600,000 cars and trucks will be transitioning over through the program.

Source: CNBC