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The White House just announced a $623 Million EV-charging bonanza

Wired · 1y ago

The White House just announced a $623 Million EV-charging bonanza

The White House is allocating $623 million in grants to expand the US charging network for electric vehicles (EVs). This move aims to tackle range anxiety and boost the adoption of EVs by providing 7,500 new charge ports, particularly in rural and low-income areas. The funding will also be used to support the development of hydrogen fueling stations. The US aims to have 1.2 million charging ports by 2030 to meet the growing demand for EVs. The investment is part of the $7.5 billion dedicated to charging and greener fueling in the Bipartisan Infrastructure Law.

Related News

Tata Motors aims for 4 lakh EV charging points by 2027

Inshorts · 5m ago

Tata Motors aims for 4 lakh EV charging points by 2027

Auto giant Tata Motors has announced plans to bolster the EV charging network in India by increasing the total number of EV charging points to 4 lakh by 2027. The company's EV arm TATA.ev, under Open Collaboration 2.0 is looking to set up 30,000 public fast chargers. The company is forging partnerships to scale charging infrastructure across highways.

Ford’s Europe-only Explorer EV gets an estimated 375 miles of range

The Verge

The Verge · 1y ago

Ford’s Europe-only Explorer EV gets an estimated 375 miles of range

Ford has revealed the maximum range of its all-electric Explorer, which stands at 375 miles (602km), making it quite impressive for an SUV. The charging time is also relatively quick, with the ability to charge from 10% to 80% in just 26 minutes using DC fast charging. The Explorer EV also features a 14.6-inch center console with the latest Sync Move infotainment platform. Ford has announced this information alongside a record-setting global circumnavigation journey in an electric vehicle.

Billionaire Gautam Adani indicted in US for alleged bribery scheme, White House says ‘we are confident…’

Livemint

Livemint · 7m ago

Billionaire Gautam Adani indicted in US for alleged bribery scheme, White House says ‘we are confident…’

The White House has acknowledged the bribery allegations against Gautam Adani, chairman of the Adani Group. Adani and several others have been indicted by US authorities for allegedly participating in a bribery and fraud scheme valued at $265 million. Adani Group has denied the charges and plans to seek legal options. The White House is aware of the situation but did not comment further. The US-India relationship remains strong, according to White House press secretary Karine Jean-Pierre. Specific details of the investigation are being handled by the Securities and Exchange Commission and Department of Justice.

Founder of EV maker VinFast launches global charging stations venture

Economic Times

Economic Times · 1y ago

Founder of EV maker VinFast launches global charging stations venture

Billionaire Pham Nhat Vuong, the founder of Vietnamese electric vehicle (EV) manufacturer VinFast, has launched V-Green, an EV charging stations company. V-Green will prioritize supporting VinFast vehicles globally and plans to create a comprehensive charging network. In addition to Vietnam, V-Green will search for land and partners to expand its charging network in key markets for VinFast. The company will initially manage VinFast's existing charging network and consider extending services to other EV manufacturers after five years. Vuong intends to invest $404 million in new outlets and charging network upgrades over the next two years.

Founder of EV maker VinFast launches global charging stations venture

Reuters · 1y ago

Founder of EV maker VinFast launches global charging stations venture

Pham Nhat Vuong, the founder of Vietnamese electric vehicle (EV) maker VinFast, has launched a new company called V-Green, focused on building a global EV charging network. With a 90% stake in V-Green, Vuong aims to support VinFast vehicles worldwide by establishing and expanding charging infrastructure in key markets. V-Green will also operate and manage VinFast's existing charging network in Vietnam, with potential plans to extend services to other EV manufacturers in the future. Vuong plans to invest $404 million over the next two years to develop new outlets and enhance the charging network.

EV infra startup Bolt.Earth raises $20 Mn

Entrackr

Entrackr · 1y ago

EV infra startup Bolt.Earth raises $20 Mn

EV infrastructure and software company Bolt.Earth has raised $20 million in funding from investors including Union Square Ventures and Prime Venture Partners. The funding will be used for expanding the company's charging network, enhancing its products, developing its operating system, and expanding internationally. Bolt.Earth offers charging solutions for a wide range of needs and claims to have deployed over 30,000 EV charging points. The company plans to expand its business in Asia, Europe, South America, and Latin America. In the first nine months of 2023, the EV startup sector saw nearly 40 deals worth $631 million in funding.

Gravity opens fastest EV charger in US to public in New York City

Reuters · 1y ago

Gravity opens fastest EV charger in US to public in New York City

Google-backed startup Gravity Mobility has unveiled the fastest EV charging solution in the United States, aiming to attract fleet customers. With the ability to charge at a rate of 2,400 miles of range per hour, or 200 miles in just five minutes, Gravity's 500 kW chargers are available to major fleet operators in New York. The company plans to raise additional funds to expand its high-speed charger network across the country. Gravity's compact chargers are smaller than those typically used by automakers and other EV charging networks.

NIKOL EV raises funding from EvolveX, others to fill the gap in India's EV charging infrastructure

IndianStartupNews

IndianStartupNews · 1y ago

NIKOL EV raises funding from EvolveX, others to fill the gap in India's EV charging infrastructure

Pune-based EV charging infrastructure startup NIKOL EV has raised an undisclosed amount in a pre-seed funding round led by EvolveX. The funding will be used to strengthen the team and develop a hybrid charger capable of charging 2-wheelers, 3-wheelers, and 4-wheelers simultaneously. NIKOL EV aims to bridge the gap in India's EV charging infrastructure and plans to install 1 lakh EV charging stations by 2030. EvolveX's investment comes as insufficient charging infrastructure continues to hinder the widespread adoption of electric vehicles in India.

Tata Power ties up with Indian Oil to set up 500 EV charging points across India

Livemint

Livemint · 1y ago

Tata Power ties up with Indian Oil to set up 500 EV charging points across India

Tata Power's subsidiary, Tata Power EV Charging Solutions Limited, has signed an MoU with Indian Oil Corporation Limited (IOCL) to install over 500 fast and ultra-fast EV charging points across India. The charging points will be set up in major cities and along major highways, aiming to alleviate range anxiety for EV owners traveling between cities. With Tata Power's expertise in the EV charging domain, the collaboration with IOCL will help establish a robust charging network in the country.

Britain's BT to turn street cabinets into EV charging points

Reuters · 1y ago

Britain's BT to turn street cabinets into EV charging points

BT, the largest telecoms group in Britain, has announced plans to convert street cabinets into electric vehicle (EV) charging units as part of a pilot project. The first unit will be installed in East Lothian, Scotland, with further trials planned across the country. The move comes as a response to a shortage of EV chargers on UK roads, which hinders the adoption of electric vehicles. BT aims to address this issue and potentially create a network of 60,000 new charging points.

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