⚡National Electric Vehicle Infrastructure Funding Opportunities for Businesses
National Electric Vehicle Infrastructure Formula Program Guidance
Summary
This notice announces the availability of FHWA's revised National Electric Vehicle Infrastructure (NEVI) Formula Program Interim Final Guidance. This Interim Final Guidance updates the existing NEVI Formula Program Guidance to align with clear and express statutory language in order to streamline and provide flexibility for implementation of the program. This Interim Final Guidance is effective immediately while FHWA seeks comment on what further changes may be appropriate.
Agencies
- Transportation Department
- Federal Highway Administration
Business Impact
$$$ - High
The guidance outlines a $5 billion funding initiative for states to implement electric vehicle charging infrastructure, which directly influences business owners in related sectors, such as construction, EV technology, and energy. Simplified regulatory requirements and the potential for state-level funding create new opportunities for businesses.