![US to build new $5 billion charging network](https://media.kallanish.com/filer_public/c1/6e/c16e77e9-13fc-456e-a6a6-22637f7753e2/ece1a9d7-be0a-4915-a4a5-7dce46ad9b06.jpg)
US to build new $5 billion charging network
The US Departments of Transportation and Energy will be infusing $5 billion over the next five years into an interstate electric vehicle charging network, Kallanish learns from a government release.
The funds will come from President Joe Biden’s Bipartisan Infrastructure Law. So-called “alternative fuel corridors” will be placed alongside and within the Interstate Highway System.
Individual states must submit EV infrastructure plans to receive funds. For fiscal 2022, $615 million will be available.
“We are modernising America’s national highway system for drivers in cities large and small, towns and rural communities, to take advantage of the benefits of driving electric,” says Energy Secretary Jennifer Granholm. “The Bipartisan Infrastructure Law is helping states to make electric vehicle charging more accessible by building the necessary infrastructure for drivers across America to save money and go the distance, from coast-to-coast.”
The law - formally the Infrastructure Investment and Jobs Act - was signed on 15 November. In total, it makes $550 billion in new spending available for US infrastructure improvements out of $1.2 trillion total passed. It is a portion of President Biden’s Build Back Better agenda, which is currently mostly deadlocked in the US Congress.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous