The investment includes $450 million earmarked by Volkswagen unit Electrification America and more than $250 million by Siemens.
The White House said Tuesday that automakers plan to invest more than $700 million to boost US manufacturing capacity for electric vehicle (EV) chargers — adding at least 2,000 jobs and making charging more accessible. And set tasks to make it economical.
The investment includes $450 million earmarked by Volkswagen unit Electrify America and more than $250 million by Siemens to expand its Grand Prairie, Texas and Ponoma, California EV charger plants.
EV charging network operator FLO is also investing $3 million in its first US assembly plant in Auburn Hills, Michigan.
The investment will help increase US manufacturing capacity for EV chargers to more than 250,000 per year, the White House said, without providing any figures for current production capacity.
Last August, President Joe Biden set a non-binding goal to make half of all new vehicles sold by 2030 electric, fuel cell or plug-in hybrid. As part of that, he wants the US network of EV chargers to grow to 500,000 by 2030, up from about 100,000 today.
Investments by private companies account for more than the $7.5 billion in subsidies that were in last year’s bipartisan infrastructure law.
Ali Zaidi, the White House’s deputy national climate adviser, told reporters on Monday that Biden’s goals and subsidies helped spur private investment.
That means “chargers weren’t being brought in from overseas[and]they were becoming a source of opportunity in communities across the country,” he said in a call about a U.S. report that jobs in the energy business grew past 4%. year, led by jobs in carbon-cutting vehicles.
The US public charging network for EVs is becoming more robust, but significant differences in reliability and performance remain between providers, found an industry ranking this year by engineering consulting firm Umlaut.
(Reporting by Timothy Gardner; Editing by Edwina Gibbs)
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