98. Will the US Infrastructure Law Propel the EV Market?

With $5B in the new US infrastructure law designated for EV charging stations, there’s a lot of work to be done—and a lot of taxpayer dollars at stake.
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This federal funding coupled with strong consumer demand and innovative solutions from industry have created a perfect storm to drive EV adoption. Taite R. McDonald believes it’s going to “change the landscape of America.”
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McDonald, Equity Partner at Holland & Knight LLP, advises government contractors. In this episode of SAE Tomorrow Today, she says the $5 billion federal spend:
·        Is a “down payment” that will unleash billions more in private sector financing for EV infrastructure
·        Is a critical step for the US to catch up with other nations on clean tech and EV adoption and to hit targets in the Paris Declaration
·        Must be spent effectively to build consumer confidence in the viability of EVs, eliminate range anxiety, and boost green mobility
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Europe’s success with this type of funding model is powerful evidence the US initiative is on the right track.
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UPDATE: Since the recording of this episode, The White House published FACT SHEET: Securing a Made in America Supply Chain for Critical Minerals that addresses a few unanswered questions discussed during this episode. 
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