The US federal government has halted a program aimed at developing charging infrastructure for electric vehicles, freezing $5 billion in funding intended for building half a million new EV chargers by 2030. This move follows a series of negative developments for the electric vehicle sector. Despite the funding freeze creating uncertainty within the charger industry, experts note that growth in infrastructure development will likely continue as states and private entities remain committed. States are now assessing the effects of this pause on their contracted projects.
The funding freeze has thrown the still-fledgling charger industry into confusion, yet experts suggest it won't spell doom for the nation's charging infrastructure.
The EV charging freeze impacts state-level initiatives, with officials like Ohio's DOT evaluating how it affects contracted projects in their road to build charging stations.
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