TSLA365.4401.88%
GM85.620-0.5%
F13.9700.09%
RIVN16.030-0.02%
CYD35.820-0.08%
HMC32.5200.905%
TM198.2005.72%
CVNA69.160-1.12%
PAG215.910-0.7%
LAD358.020-8.13%
AN203.670-3.55%
GPI278.270-3.57%
ABG208.500-0.31%
SAH75.900-0.62%
TSLA365.4401.88%
GM85.620-0.5%
F13.9700.09%
RIVN16.030-0.02%
CYD35.820-0.08%
HMC32.5200.905%
TM198.2005.72%
CVNA69.160-1.12%
PAG215.910-0.7%
LAD358.020-8.13%
AN203.670-3.55%
GPI278.270-3.57%
ABG208.500-0.31%
SAH75.900-0.62%
TSLA365.4401.88%
GM85.620-0.5%
F13.9700.09%
RIVN16.030-0.02%
CYD35.820-0.08%
HMC32.5200.905%
TM198.2005.72%
CVNA69.160-1.12%
PAG215.910-0.7%
LAD358.020-8.13%
AN203.670-3.55%
GPI278.270-3.57%
ABG208.500-0.31%
SAH75.900-0.62%

The state of California approves billions in investments to double EV chargers

By 2035, all new cars sold there must be either electric or plug-in hybrids.
California state, states ev investments

The California Energy Commission has authorized a $2.9 billion investment plan to help the state meet its 2025 goals for electric vehicle charging and hydrogen refueling. The investment will create 90,000 new EV charging stations across the state. Which, according to the energy authorities, doubles the 80,000 charges that have previously been installed.

In order to assist medium and heavy-duty zero-emission vehicles, the state will set aside $1.7 billion. These investments, with funding from utilities and other programs, are projected to ensure that the state meets its goal of deploying 250,000 by 2025.

Patty Monahan, Lead Commissioner for Transportation at CEC, stated in a statement that the initiative “would enhance access to charging and hydrogen fuelling for consumers, businesses, and public agencies while supporting our emerging manufacturing environment and creating jobs.”

The proposals for electric vehicle charging stations covering over 75,000 miles of roadways were approved by the U.S. Transportation Department in September for all 50 states, Washington, and Puerto Rico.

The $5 billion in funding from the $1 trillion infrastructure measure will assist states to install EV chargers along interstate routes over a five-year period. States can now access more than $1.5 billion to assist in the construction of EV chargers.

California took action in August to mandate that by 2035, all new cars sold there must be either electric or plug-in hybrids.


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