Federal Highway Administration Issues Formula Program Guidance For EV Infrastructure Planning And Clean Energy

The advent of EVs and the ambitious goals of auto companies to produce and market electrified vehicles requires plans for supporting charging infrastructure required for these vehicles. Private parties who are interested in developing, supporting and financing EV charging stations in Wisconsin should follow closely the process for funding such infrastructure in Wisconsin.

One of those funding sources is contained in the Bipartisan Infrastructure Law signed into law on November 15, 2021 (Pub. L. 117-58). This new law provides $7.5 billion for funding for EV charging infrastructure and is comprised of two parts: (1) a $5 billion formula program; and (2) a $2.5 billion discretionary grant program. The goal of this funding program is to create a network of 500,000 EV charging stations nationwide by 2030.