The Biden administration hopes the new rules, issued after nearly eight months of debate, will jump-start the biggest transformation of the U.S. driving landscape in generations
. It seeks to give consumers unfettered access to a growing coast-to-coast network of EV charging stations, including Tesla Inc’s SuperChargers.
The first tranche of the billions in federal funds will now be rolled out to states in upcoming weeks, forcing companies like Tesla, EVgo Inc and ChargePoint Holdings Inc to jockey for their share of the funds from state governments. White House National Climate Adviser Ali Zaidi said that under Biden’s leadership the number of EV models being offered to consumers has doubled, along with the number of charging stations and EV sales.
However, the Department of Transportation requested a waiver for EV charging stations and initially proposed that at least 25 per cent of the chargers’ overall cost come from American-made components starting in July of this year and then 55 per cent by Jan. 1, 2024. EV chargers require iron and steel for some of their most crucial parts, including the internal structural frame, heating and cooling fans and the power transformer. Chargers with cabinets that house the product require even more steel, making up to 50 per cent of the total cost of the chargers in some cases.
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