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What will be the average cost per EV charging port for the 41 specific projects by the end of 2024?
2
Resolution / Starting Odds
Below $50,000 • 25%
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U.S. Department of Energy reports and official announcements
Story
Biden-Harris Administration Invests $521 Million to Deploy 9,200 EV Charging Ports
Aug 27, 2024, 01:05 PM
The Biden-Harris administration, in collaboration with the U.S. Department of Energy, has announced a significant investment of $521 million in grants to expand the national electric vehicle (EV) charging network. This funding will support the deployment of over 9,200 EV charging ports across 29 states, two Federally Recognized Tribes, and the District of Columbia. The initiative aims to enhance the accessibility of EV charging infrastructure, particularly in election swing states and rural tribal communities. The investment is part of a broader effort that has already doubled the number of EV charging stations in the U.S. since 2021. Approximately $321 million of the total funding is allocated for 41 specific projects, with an average cost of $56,630 per charging port.
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