Texas eligible for $408M in EV funding
Texas could receive up to $408 million in funding to bolster its electric vehicle (EV) charging infrastructure over the next five years through a new $5 billion federal formula program.
U.S. departments of transportation and energy will make the funding available under the National Electric Vehicle Infrastructure (NEVI) Formula Program established by the Bipartisan Infrastructure Law to build out a national electric vehicle charging network.
The program will help states create a network of EV charging stations along designated Alternative Fuel Corridors, particularly along the Interstate Highway System. The total amount available to states in Fiscal Year 2022 under the NEVI Formula Program is $615 million, of which Texas could receive $60.35 million.
Before they can access these funds, states must submit an EV Infrastructure Deployment Plan to the new Joint Office of Energy and Transportation that describes how the state intends to use its share of NEVI program funds consistent with Federal Highway Administration (FHWA) guidance.
Plans must be submitted to the Joint Office by August 1. The FHWA will approve eligible plans by September 30. A second, competitive grant program designed to further increase EV charging access in locations throughout the country, including in rural and underserved communities, will be announced later in 2022.