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Tesla positioned to cash in on Biden’s $7.5 billion handout for building EV charging stations
Electric vehicle manufacturer Tesla said it would change its business model and make its charging stations open to autos from all manufacturers, not just its own cars, as Congress put the finishing touches on its infrastructure bill this fall.Platform neutrality is a key requirement of the infrastructure law, which allocates $7.5 billion to start the construction of a broad network of charging ports. The Biden administration’s goal is to transition the nation’s roadways away from fossil fuels.
More EVs are coming. Where’s the infrastructure to support them?
Charging an electric vehicle is simple and painless — if you have a charger installed at home. Automakers are producing EVs at a feverish pace with government backing. Yet the number of public charging stations, critical for mass EV adoption, is lacking.
Electric vehicles: ‘Range anxiety’ is the biggest hurdle for consumers at this point, Blink CEO explains
The infrastructure bill is “so impactful,” Michael Farkas, CEO of Blink Charging (BLNK), an EV services company, said on Yahoo Finance Live. “It’s going to allow us to put more charging stations in the ground. It will alleviate range anxiety that people feel, hey, can these electric cars go these distances, and will spark more buying, and then, again, additional investment in infrastructure.”
Here’s What The $1 Trillion Infrastructure Bill Means for EV Charging
As the $1 trillion bipartisan infrastructure bill inches its way through Congress as a key part of President Joe Biden’s domestic agenda, many people have high hopes for its promises. Automakers and prospective electric vehicle owners alike have their fingers crossed for provisions that could have a meaningful impact on the number of battery-powered cars on the streets.
Low battery? Electric vehicles can now charge up at Ripley’s McCoy’s Inn
McCoy’s Inn on Fitness Lane in Ripley now has four operating car charging stations thanks to grants through the Mid-Atlantic Electrification Partnership (MAEP), which funded the $30,000 project.