An opportunity too good to pass up: Time to weigh in on federal funds for electric vehicles
The recently enacted Infrastructure Investment and Jobs Act establishes a National Electric Vehicle Formula Program and a discretionary grant program for charging and fueling infrastructure. Both provide a total of $7.5 billion in funding to states to develop public EV charging infrastructure and to establish an “interconnected network to facilitate data collection, access and reliability.”
Related Knowledge Center: ENERGY BASICS: electricity
Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.