White House Welcomes $700M Private US Investments In EV Charging

The White House announced several US private investments worth a combined $700 million that will help expand the country’s electric vehicle charging network.

The Biden administration says these “record US private investments” will help build 250,000 charging stations a year, create more than 2,000 well-paying jobs, and make electric vehicle charging “more affordable, accessible and equitable.”

The private investments will follow President Biden’s $7.5 billion bipartisan Infrastructure Act to build a nationwide network of electric vehicle chargers that will enable “convenient and consistent charging at home, at work and across the country.” “.

“Today’s announcements demonstrate how the President is catalyzing private investment to boost our domestic manufacturing capacity, enabling America to create a nationwide network of chargers and create thousands of new, high-quality union jobs in construction, installation and maintenance. Today, the automotive industry’s renaissance continues as the private sector steps up to invest in American-made refills across the country.”

White House press release

By far the largest private investment highlighted by the White House is the $450 million pledged by Siemens and the Volkswagen Group to further spur Electrify America’s expansion. The investment will support the rapid deployment of up to 10,000 ultra-fast chargers at 1,800 charging stations, exceeding the number of high-power chargers available in the United States today.

Separately, Siemens has pledged $250 million over the past six months to expand its manufacturing sites in Grand Prairie, Texas, and Pomona, California. The German company is on track to build 1 million electric vehicle chargers in the United States over the next four years.

The press release also mentions ABB E-mobility, which is creating 125 jobs in its operations this year alone, including two new facilities in Sugarland, Texas and Southern California, and ChargePoint, which will create some 250 jobs in its Milpitas (California) facility to build Tier 2 loaders.

Private investments also include FLO, which has pledged $3 million to build its first US facility that will assemble charging stations and fast chargers in Auburn Hills, Michigan and Tritium, with 500 new jobs created to accelerate the production schedule for manufacture DC fast chargers in Q3 2022.

The White House also welcomes Tesla’s investments in its Gigafactory in Buffalo, New York “to support the deployment of new fast-charging stations to add to its fast-charging network.” The release adds that later this year, Tesla will begin production of new supercharger equipment that will allow non-Tesla electric vehicle drivers in North America to use Tesla superchargers.

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