$7.5B from the $550B Bipartisan Infrastructure Deal in the US would drop for the electric car charging infrastructure, producing and installing EV charging stations across the US. Yesterday the President and the bipartisan group announced an agreement on the details, which will now be taken up in the Senate for consideration.
The White House explains in its press release (link):
U.S. market share of plug-in electric vehicle (EV) sales is only one-third the size of the Chinese EV market. The President believes that must change. The bill invests $7.5 billion to build out a national network of EV chargers. [...]Federal funding will have a particular focus on rural, disadvantaged, and hard-to-reach communities.
I’m generally supportive of infrastructure over more vehicle incentives since it’s a harder problem to solve. The auto market will naturally offer more options/affordable EVs over time.
The biggest thing to note is this is not a regulatory strategy like with past administrations. It’s budgetary and paid by federal taxes on corporates.
If I get this correctly from the resource Matt provided me, the biggest advantage of this being budgetary is that the utilities that start from a lesser-renewable standpoint don't have to leap more than those who already have a greater renewable mix of their portfolio.
This means that the less-renewable utilities would also not have to make the end-user, the car owner charging, pay more to leap the distance in between. This is what would happen if this was regulatory instead.