The U.S. Department of Transportation and Energy announced $5B in funding as part of the new scheme,‘National Electric Vehicle Infrastructure (NEVI) Formula Program’ which builds on the already designated Alternative Fuel Corridors. NEVI Formula funding is to be used for the acquisition and installation of electric vehicle charging infrastructure to serve as a catalyst for the deployment of such infrastructure and to connect it to a network to facilitate data collection, access, and reliability.
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APAC’s Biggest Economies Paving the Way for EV Adoption
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