{"id":41910,"date":"2024-01-30T06:35:43","date_gmt":"2024-01-30T06:35:43","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=41910"},"modified":"2024-01-24T06:44:38","modified_gmt":"2024-01-24T06:44:38","slug":"u-s-government-to-fund-623m-to-boost-ev-market","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2024\/01\/u-s-government-to-fund-623m-to-boost-ev-market\/","title":{"rendered":"U.S. Government To Fund $623M To Boost EV Market"},"content":{"rendered":"<p>The U.S. heavy equipment market and construction infrastructure is blessed with another good news. The U.S. government has awarded $623 million to boost the <a href=\"https:\/\/www.my-equipment.com\/blog\/2023\/04\/maryland-public-fleets-sustainable-purchase-of-volvo-ce-electric-equipment\/\"><strong>electric equipment market<\/strong><\/a> in terms of creating charging networks that support automated vehicles.<\/p>\n<p>A total of 22 states within the state will receive this financial funding to upgrade their capacity of charging automated wavy equipment.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/u-s-government-to-fund-623m-to-boost-ev-market\/#What_Is_The_States_Goal_To_Build_High-End_EV_Changing_Stations\" >What Is The State\u2019s Goal To Build High-End EV Changing Stations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/u-s-government-to-fund-623m-to-boost-ev-market\/#Charging_and_Fueling_Infrastructure_Discretionary_Grants_To_Know\" >Charging and Fueling Infrastructure Discretionary Grants To Know<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/u-s-government-to-fund-623m-to-boost-ev-market\/#Further_Projects_Funded_By_US_Government\" >Further Projects Funded By U.S. Government<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_The_States_Goal_To_Build_High-End_EV_Changing_Stations\"><\/span>What Is The State\u2019s Goal To Build High-End EV Changing Stations?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>According to the Federal Highway Administration\u2019s report, this grant is the quarter part of a $1.2 trillion infrastructure development plan under Joe Biden\u2019s constructional development goal. He as the U.S. president aims to elevate the state&#8217;s capability of producing high-quality automated vehicles by installing 500,000 chargers by the end of this decade i.e. 2030.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Charging_and_Fueling_Infrastructure_Discretionary_Grants_To_Know\"><\/span>Charging and Fueling Infrastructure Discretionary Grants To Know<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Additionally, Charging and Fueling Infrastructure Discretionary Grants will help in the development of 47 EV charging along with hydrogen-fueling-based construction projects. The 22 U.S. states will witness the construction of 7500 electric equipment charging ports.<\/p>\n<p>All thanks to the CFI programs a sit complement the $5B National Electric Vehicle Infrastructure (NEVI) development plan that will create the backbone to support these high-speed equipment charging ports, as per FHWA&#8217;s recent report.<\/p>\n<p>Ohio, NYC, and Pennsylvania will have the latest charging stations that are environmentally friendly and support heavy equipment\u2019s well-being in the long run.<\/p>\n<p>As per the agency\u2019s report, a total of 70% of the Charging and Fueling Infrastructure Discretionary Grants will go to the construction sites of disadvantaged communities.<\/p>\n<p>The project will also cover rural and urban communities with high-quality hydrogen fueling and EV charging stations. Busier roads named Alternative Fuel Corridors will also enjoy the grant as\u00a0a part of the alternative fuel chain.<\/p>\n<p><em><strong>But what should contractors obey to avail of the grant?\u00a0<\/strong><\/em><\/p>\n<ul>\n<li aria-level=\"1\">Strong compliance with made-in-American rules<\/li>\n<li aria-level=\"1\">Maintenance and installation of systems that abide by \u201cdurable and eco-friendly workplace standards\u201d<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Further_Projects_Funded_By_US_Government\"><\/span>Further Projects Funded By U.S. Government<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>According to the FHWA report following are the projects that can avail of the developmental grants;<\/p>\n<ul>\n<li aria-level=\"1\"><em><strong>$70 million to construct 5 hydrogen fueling places in Austin, Houston, Dallas-Fort Worth, and San Antonio for heavy to medium-duty freight transporting equipments is awarded to the North Central Texas Council of Government.\u00a0<\/strong><\/em><\/li>\n<li aria-level=\"1\"><em><strong>Maryland Clean Energy Center was awarded $15 million to cons<\/strong><\/em><em><strong>transporting equipments<\/strong><\/em><em><strong>truct 87 electric equipment charging spots in suburban, low-urban, and moderate-income societies within the state.\u00a0<\/strong><\/em><\/li>\n<li aria-level=\"1\"><em><strong>County of Contra Costa to develop 52 high-tech chargers with 60 level 2 chargers at 25 different locations with a $15 million grant.\u00a0<\/strong><\/em><\/li>\n<li aria-level=\"1\"><em><strong>40 fast charging spots with 12 level 2 charges across the west of Washington state and Oregon (north) with a $15 million grant. The project aims to provide counseling facilities to rural areas including Indigenous Tribal lands.<\/strong><\/em><\/li>\n<li aria-level=\"1\"><em><strong>48 electric charging stations in Mesa (a city in Arizona) with a grant of $12 million to cater to heavy equipment of different sizes. It will also cater to e-bikes, scooters, and other solar canopies to promote EVs.\u00a0<\/strong><\/em><\/li>\n<li aria-level=\"1\"><em><strong>A grant of $10 million for residents of New Jersey and other disadvantaged rural areas nearby to enjoy the EV charging pumps.\u00a0<\/strong><\/em><\/li>\n<li aria-level=\"1\"><em><strong>Alaska native tribe to get $1.4 million to create EV charging stations in Haines to support rural deficiencies of catering heavy equipment.<\/strong><\/em><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. heavy equipment market and construction infrastructure is blessed with another good news. The &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/u-s-government-to-fund-623m-to-boost-ev-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Government To Fund $623M To Boost EV Market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":41911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[1108,1107,1109],"class_list":["post-41910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-heavy-construction-equipment","tag-electric-equipment-market","tag-ev-charging-stations","tag-ev-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Government To Fund $623M To Boost EV Market - Heavy Equipment Market Insights | News | Guides &amp; Beyond<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/u-s-government-to-fund-623m-to-boost-ev-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Government To Fund $623M To Boost EV Market - Heavy Equipment Market Insights | News | Guides &amp; Beyond\" \/>\n<meta property=\"og:description\" content=\"The U.S. heavy equipment market and construction infrastructure is blessed with another good news. 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