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DOE Offers Loan Guarantees to Bolster EV Charging Stations
The U.S. Dept. of Energy has broadened its loan guarantee program to include support for electric vehicle charging stations, including associated hardware and software.
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The U.S. Dept. of Energy has broadened its loan guarantee program to include support for electric vehicle charging stations, including associated hardware and software.
DOE says as much as $4.5 billion in loan guarantees are available to applicants who want to deploy commercial-scale EV charging facilities.
The White House-led initiative will encourage charging station developers to partner with carmakers, electric utilities and local and state governments. The aim is to create coast-to-coast “charging corridors” for EVs—including fast-charge stations—that will facilitate long-distance travel by electrics. The scheme is similar to the nationwide network of Supercharger facilities already deployed by Tesla Motors Inc. for use by its own customers.
The White House says the number of charging stations in the U.S. has grown from 500 in 2008 to more than 16,000 today.
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