The Clap
President Biden will announce the approval of the first $900 million in funding to build EV charging stations.
The Deets
The US government approved grants amounting to nearly $5 billion for states to begin building thousands of EV charging stations, amid the increasing popularity and purchases of EVs.
Why this Matters
One of the main obstacles facing the adoption of EVs is the lack of charging stations available to citizens. This grant will act as the first step in building the proper infrastructure for EVs.
What Now
President Biden aims to have 50% of all vehicles sold to be hybrid or electric. This may also encourage automotive manufacturers to increase their efforts in producing EVs and hybrid vehicles.
The time for EVs is now 🔌
