Summary
The Biden administration approved a $1.25 billion loan to EVgo to install 7,500 fast chargers at 1,100 stations nationwide over five years, as part of a final push to expand EV infrastructure before Donald Trump takes office.
Biden’s Energy Department has been accelerating EV-related loans, including $7.54 billion for a Stellantis battery factory and $6.6 billion for Rivian’s EV plant.
Trump has vowed to cancel EV funding and tax credits.
EVgo’s expansion is expected to create hundreds of jobs and address issues in the fragmented EV charging network.
Whether Trump likes it or not, EVs are happening and it’s because of every other government. So he’s trying now to stop the snow ball which is now half way down the hill and 10 times the size. BMW, VW, Mercedes, Toyota, Nissan, Hyundai, Kia, etc etc aren’t going to stop the transition. All that will happen is the US will be left behind. The rest of the world will be weaning off oil and the US will be left with no option eventually, but will not be a major player in the tech because of these anti EV policies. Or are they simply viewed as anti tesla as tesla is already established???
