- The U.S. Transportation Department (USDOT) approved the electric vehicle charging station plans for all 50 States, the District of Columbia and Puerto Rico, covering 75,000 miles of highways.
- All States now have access to more than $1.5 billion to help build EV chargers.
- The National Electric Vehicle Infrastructure (NEVI) formula funding under the Bipartisan Infrastructure Law, which makes $5 billion available over five years, will help States install EV chargers along interstate highways.
- Also Read: Here’s When Elon Musk Heads To Court To Discuss Pending $44B Twitter Deal
- The November 2021 $1 trillion infrastructure bill provides $5 billion to help states install EV chargers along interstate highways, Reuters reports.
- The report added that the Federal funds would cover 80% of EV charging costs, with private or state funds making up the balance.
- President Biden has set a goal for half of all new vehicles sold in 2030 to be zero-emissions vehicles.
- Earlier, Tesla Inc (NASDAQ:TSLA) made some U.S. Supercharger networks accessible to non-Tesla EVs.
- Price Action: TSLA shares traded higher by 0.68% at $277.88 on the last check Tuesday.
Kandi America Partners With Rural King To Expand U.S. Footprint
Kandi America ("Kandi" or the "Company"), a leading distributor of fully-electric personal transportation and utility vehicles, a.k.a. SC Autosports, LLC, a fully owned subsidiary of Kandi Technologies Group, Inc.
