Viewing entries tagged
federal investment

U.S. DOE Announces $45 Million to Develop More Efficient EV Batteries

The U.S. Department of Energy (DOE) just announced it is allocating up to $45 million to improve electric vehicle (EV) batteries.

In President Biden's continued push to accelerate the nation's transition to clean, electrified transportation, this funding is pivotal to developing more affordable, convenient, efficient and resilient batteries.

“Advanced batteries are the heartbeat of the electric vehicle industry and investments to make them charge faster and last longer will be critical to accelerate the deployment of electric cars and trucks,” confirms U.S. Secretary of Energy Jennifer Granholm. “The benefits of an electrified transportation sector in America will be felt for generations to come—from directly combatting climate change to growing domestic manufacturing jobs and strengthening our overall energy independence.”

This federal initiative is being carried out through a brand-new DOE program called Electric Vehicles for American Low-Carbon Living (EVs4ALL). Read this press release for more details: https://bit.ly/3OUnh3V

President Biden's $2T Infrastructure Plan Includes EV Charging

President Biden's proposed $2 trillion infrastructure package would support his vision of creating "the strongest, most resilient, innovative economy in the world." Top priorities include building more electric vehicle charging stations and enhancing the electric grid, among other needs.

Check out this CNBC story below to learn more: https://www.cnbc.com/2021/03/31/biden-infrastructure-plan-includes-corporate-tax-hike-transportation-spending.html

Biden Administration Wants to Build 500,000 New EV Chargers

What incredible news! Industry experts anticipate a multibillion-dollar federal investment in electric vehicle (EV) charging infrastructure over the next decade. Our team at Voltrek looks forward to supporting this continued EV boom with our expert infrastructure solutions.

Check out this Yahoo news article for more details: https://www.yahoo.com/news/president-biden-hopes-build-500-133655027.html