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

newspaper advertisement circled in pink, Turn Listings into Leads, F&I and Showroom
Industryby Lauren LawrenceAugust 5, 2026

Structure Leads to Optimized Auto Listings

As the average car-buying journey has shifted to a blend of digital and retail, a dealership’s vehicle listings must be optimized to answer shoppers’ questions clearly and accurately.

Read More →
Photo of woman counting cash with a calculator sitting on a desk in front of her
Industryby Hannah MitchellJuly 30, 2026

Consumers Mixed on Economy, Finances

A July survey shows spotty sentiment of current and future conditions, in addition to demographic differences as overall opinion of present circumstances kept sliding.

Read More →
blue map of Europe with outline of an electric vehicle powertrain on top, Closing the Powertrain Gap, Agent Entrepreneur
Industryby Lauren LawrenceJuly 30, 2026

EVs Closing the European Gap

Electrified powertrains led June new-vehicle sales in Europe, reaching 26% of the market.

Read More →
Ad Loading...
a line of people sitting down with paperwork in their hands
Industryby Lauren LawrenceJuly 27, 2026

Early Intervention Saves Retention

Sales and service departments have the highest annual dealership turnover rates, according to a new industry report, costing money and time that could be better spent elsewhere.

Read More →
Photo of MINI nameplate on the hood of a white MINI Cooper
Industryby Hannah MitchellJuly 23, 2026

Autos More Appealing

Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.

Read More →
red car parked in front of a sunset, The Used Market Divide, Agent Entrepreneur
Industryby Lauren LawrenceJuly 23, 2026

Used EVs Defy Overall Market

While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.

Read More →
Ad Loading...
silver car in background with hand in front holding out a set of keys, Trade-In Trouble, F&I and Showroom
Industryby Lauren LawrenceJuly 20, 2026

Trade-Ins in Negative Equity Reach New Heights

As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.

Read More →
Photo of a retriever dog looking out of an open SUV window with a yellow Peugeot headrest on the top of the window below it
Industryby Hannah MitchellJuly 16, 2026

Gone to the Dogs

A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.

Read More →
Aerial shot of a car dealership
Industryby Hannah MitchellJuly 13, 2026

OEM Poll Sees Industry Evolution

Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.

Read More →
Ad Loading...
Foreign Cars Italia dealership store in front of sunset
Industryby Hannah MitchellJuly 2, 2026

Luxe N.C. Dealerships Change Hands

A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.

Read More →
Ad Loading...