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Expect Mass EV Adoption with the NEVI Program

Expect Mass Adoption of EV Chargers With the National Electric Vehicle Infrastructure Program (NEVI)

January 9, 2023 By In News No Comments

The National Electric Vehicle Infrastructure Program (NEVI) is a government initiative that is providing funding for the installation of a charging infrastructure for electric vehicles in the United States. The program was created in response to the growing demand for electric vehicles and chargers and aims to make it easier for EV drivers to charge their vehicles across the country. The NEVI Program is providing billions of dollars in grant funding that will be available to each state throughout 2023 and the upcoming years.

What is the NEVI Program?

The National Electric Vehicle Infrastructure Program, administered by the U.S. Department of Energy, aims to expand EV charger availability across the United States. It provides financial assistance to commercial businesses looking to install chargers for their customers and employees. In addition, partnerships with local businesses and organizations are formed to help promote EV charger deployment and the use of EV infrastructure in all states nationwide.

The U.S. Department of Transportation’s (DOT) Federal Highway Administration (FHWA) NEVI Program presents an opportunity for electric vehicle owners to access reliable EV charging stations and an interconnected network to facilitate data collection and access. This program’s funding is available for up to 80% of eligible EV charger project costs, supporting individual states in their strategic deployment of EV chargers. Businesses that apply for and receive aid from the NEVI Program are actively investing in a greener and more sustainable future, welcoming EV drivers with open arms.

What types of projects can be covered by the program?

Specifically, these funds are available for DC Fast Charging EV station acquisition, installation, network connection, and ensuring proper operation and maintenance afterward. It also encourages data sharing for long-term EV charging station reliability – an important step in today’s EV landscape. With this source of reliable funding available, EV charger expansion has never been easier.

$5 Billion in funding through 2026

The recently announced NEVI program offers an unprecedented investment of $5 Billion nationwide to extend EV charger infrastructure over the next 3 years. This greatly increases access to and adoption of electric vehicles, providing numerous benefits both locally and nationally. EV chargers are critical in the progress toward a carbon-neutral transportation system. The added infrastructure will make EV ownership more economical, reduce emissions, lessen our dependency on foreign oil, help promote local economies and lead to ever-improving EV ownership experiences. Save time and money while supporting a greener environment.

Who will benefit from the NEVI Program?

The National Electric Vehicle Infrastructure Program will benefit anyone who owns or wants to own an EV or businesses looking to install EV charging stations. This program will promote the construction of EV chargers nationwide and make it easier for EV drivers to find charging locations while out on the road. All EV owners and those looking to switch over will no longer worry about being stranded due to lack of charge. The NEVI’s goal is to encourage people to drive electric vehicles by providing easy access to EV chargers and ultimately helping cities cut emissions and become cleaner and greener for everyone.

How can business owners reap the benefits of the NEVI Program?

Business owners interested in tapping into the benefits of the National Electric Vehicle Infrastructure Program should seriously consider investing in EV charging stations. Installing EV chargers can provide several advantages, including increased customer satisfaction from EV owners who can access and use your services. Furthermore, adding EV chargers can increase a business’s overall visibility and bring more customers through the door, as EV drivers prefer businesses that offer EV charging. Not only does embracing EV technology attract green-minded customers, but it also signals to customers that your business is an innovator. Ultimately this allows you to stay ahead of trends and create sustainable practices which will serve you well in the long run.

What states are have access to the NEVI Program funding?

The NEVI Program is being implemented and providing funding in every US state. Of the participating states, New York, Pennsylvania, California and Texas are four of the biggest beneficiaries.  The US department of Transportation has devised a plan which takes into account population density, economic needs, and other factors in order to allocate the resources accordingly. This program promises significant advances in many areas of life that would have otherwise remained unaddressed without NEVI’s initiative. You can view a list of all the states and their NEVI Program funding here. 

What types of businesses can benefit from installing an EV charging station?

Businesses such as office buildings, hotels, restaurants, amusement parks, or any business that has customers or employees parking for more than 1.5 hours are a great fit for EV chargers, providing convenient and easy access to EV charging services and making sure visitors never run low on power while they’re visiting your location. Investing in EV chargers can also provide significant benefits to businesses, as it indicates an acknowledgment of shifting transportation trends and helps to attract tech-savvy customers who favor modernized practices like EV charging capabilities.

How to get started with EV charger installations?

Genie Solar Energy is the ideal partner for businesses looking to take advantage of the NEVI opportunity and install EV chargers. Our experienced team has put together turnkey EV charger installations that are designed to make every step of the process a breeze. We will also guide you along the way, offering our expertise as you explore all the available incentives and funding available for your EV charger installation. With Genie Solar Energy on your side, transitioning to an EV-compatible business can be seamless. Reach out to us today to learn more about your options!

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Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.

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