Coming Soon: A $5 Billion Charging Network for Electric Vehicles (.PDF Download)

Feb. 21, 2022
A new government program aims to get more individuals and businesses using environmental friendly electric vehicles by giving them a better national charging network to work with.

As the number of electric vehicles on the nation’s roadways continues to increase year over year, the U.S. EV charging infrastructure isn’t keeping pace. In fact, it’s fallen behind and in need of a boost. Calling this infrastructure one the “biggest barriers to EV adoption in the US,” CNBC says that even if the act of finding a charger is easy, the time it takes to fully charge your vehicle can be an issue. 

“It takes about 10 minutes to fill your car with a tank of gas but about 45 minutes to fully charge an EV,” CNBC says, “sometimes longer.” This could create problems for an industry sector that sold 434,879 vehicles in 2021 (up from 322,000 the prior year), according to MotorTrend.

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