agent Entrepreneur logo
MenuMENU
SearchSEARCH

Biden Announces Funds for EV Chargers at Auto Show

First $900 million coming to help 35 states build network of stations. President also promotes tax breaks to buy EVs built in North America.

September 14, 2022
Biden Announces Funds for EV Chargers at Auto Show

President Biden has a goal that up to half of vehicles sold in the U.S. be electric by 2030.

IMAGE: Getty Images/Fahroni

2 min to read


President Biden, attending the Detroit auto show Wednesday, was scheduled to announce $900 million in U.S. funding for electric vehicle charging stations in 35 states.

Biden promoted the Inflation Reduction Act passed in August that includes tax incentives to buy EVs, and he toured an array of U.S.-made electric, hybrid and combustion vehicles.

Ad Loading...

The president planned to announce the first $900 million for EV charger development. His 2021 infrastructure legislation provides $5 billion over five years to help states build a network of charging stations.

Meanwhile, the Inflation Reduction Act calls for EVs to be built in North America in order for owners to qualify for a new federal tax credit of as much as $7,500. The vehicles’ batteries must also be made on the continent, and battery minerals must be made or recycled here, all requirements intended to construct a U.S. EV supply chain to end dependence on Asia, particularly China.

The law spurred automakers to acquire compliant parts and materials so that their vehicles are eligible for the credit. Ford and GM ramped up EV production, though both had already planned new EV battery factories in joint ventures with battery makers.

After the act passed, other automakers followed with similar announcements for facilities in North America, though some had been planned for months. EV batteries are heavy, so it’s less expensive to build them stateside due to overseas shipping costs.

Biden has a goal that up to half of vehicles sold in the U.S. be electric by 2030.

 

READ MORE: U.S., Mexico Plan to Team Up on EV Production

 

Originally posted on Auto Dealer Today

More Industry

Blue and white RV parked on beach facing the ocean.
Industryby Lauren LawrenceSeptember 3, 2026

RV Group Expands Carolina Footprint

Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.

Read More →
Photo of two men and one woman on a discussion panel
Industryby Hannah MitchellSeptember 1, 2026

Agent Acumen

An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.

Read More →
Gloved hand holding two wrenches next to “Turn Overdue into Opportunity” Graphic
Industryby Lauren LawrenceAugust 27, 2026

Missed Maintenance Creates Opportunity

As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.

Read More →
Ad Loading...
Mitsubishi shadow line-up
Industryby Hannah MitchellAugust 25, 2026

Mitsubishi Unveils U.S. Plan

The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.

Read More →
Photo of a laptop, cellphone and eyeglasses on a desk next to an office window
IndustryAugust 24, 2026

Selling to Grow

The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.

Read More →
Mechanic holding a vehicle diagnostic device while standing above an open car hood
Industryby Hannah MitchellAugust 24, 2026

Recalled Vehicles Hit 5-Year High

Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.

Read More →
Ad Loading...
outside of car dealership with cars parked in front
Industryby Lauren LawrenceAugust 20, 2026

Auto Group Acquires Top-Performing Rooftop

Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.

Read More →
Cars from the rear on a Shanghai freeway
Industryby Hannah MitchellAugust 19, 2026

China as Pacesetter

Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.

Read More →
Orange BMW car on empty road.
Industryby Hannah MitchellAugust 14, 2026

BMW Concept Car Makes Fuel to Burn

The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.

Read More →
Ad Loading...
Six men standing for photo outside of car dealership
Industryby Lauren LawrenceAugust 13, 2026

South Carolina Auto Group Downsizes

Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.

Read More →
Ad Loading...