American Recovery and Reinvestment Act (ARRA) of 2009: Allocated $2.4 billion to support the development of next-generation electric vehicles and batteries. This funding included grants for U.S.-based manufacturers to produce efficient batteries and components, as well as to demonstrate and evaluate plug-in hybrids and related infrastructure.
Bipartisan Infrastructure Law (BIL) of 2021: Provided significant funding for EV charging stations, including:
National Electric Vehicle Infrastructure (NEVI) Formula Program: $5 billion allocated to states for the strategic deployment of EV charging infrastructure.
Discretionary Grant Program for Charging and Fueling Infrastructure: $2.5 billion to support charging infrastructure in communities and along major travel corridors.
Inflation Reduction Act (IRA) of 2022: Extended the $7,500 tax credit for new clean vehicles and introduced a $4,000 tax credit for pre-owned electric vehicles, aiming to make EVs more accessible to consumers.
Grants for EV Manufacturing and Infrastructure: In 2024, the Biden administration awarded nearly $2 billion in grants to restart or expand EV manufacturing and assembly sites across eight states, further supporting the EV industrys growth.