The trick being played here is counting all charging stations in the US and pretending they're part of the IRA's funding.
The trick being played here is counting all charging stations in the US and pretending they're part of the IRA's funding.
> As of July 2024, eight states had opened their first NEVI-funded stations, totaling 61 ports, and powered thousands of charging sessions.
As of FY 2024, $2.385 billion had been allocated from the funding. For 61 ports across 4 (four) charging locations. $39M PER PORT.
This, per NEVI's own numbers: https://driveelectric.gov/files/nevi-annual-report-2023-2024...
I would sure like to see a breakdown in how that 2.3B was spent.
in accounting rules, it's spent money. the notes say that 61 ports have been built from that allocated money.
like I said, I would love to see the cost breakdown. is all that allocated money spent? are some projects still being constructed? three years seems like a long time to get 61 ports when you allocated $2B.
My guess would be that the money is also allocated for an X amount of sites / charging ports still in progress. Or do they only allocate the money after the site is fully operational?
If that's the case, I think saying '2B spent for 61 ports' is disingenuous at best.
From what I can tell from the newsletter I get from a big European charging infrastructure provider the lead time of a new charging location tends to be 1 - 2 years depending on the specific location.
While I do agree these numbers are disingenuous, looking at politics I definitely see the next administration counting the chargers that will come up past January 2025 to their win list. Oh well, I guess that's politics.