Connect with us

Hi, what are you looking for?

Fibonacci Tech News

The Biden administration approves $100 million to fix the nation’s broken EV chargers

Photo by Andrew Hawkins / The Verge

EV owners fed up with the often broken, discombobulated charging experience in the US are about to get a lifeline from the federal government.

The US Department of Transportation is authorizing $100 million to “repair and replace existing but non-operational, electric vehicle (EV) charging infrastructure.” The investment comes from a $7.5 billion pot of money for EV charging that was approved as part of the 2021 Bipartisan Infrastructure Law. The department has already approved around $1 billion for the installation of thousands of new EV chargers along major highways in the US.

Broken EV chargers remain a major barrier to broader EV adoption. And it tends to mar the experience of owning an EV, as many EV owners told JD Power earlier…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Stock News

If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of...