FACT SHEET: Biden-Harris Administration Catalyzes more than $700 Million in Private Sector Commitments to Make EV Charging More Affordable and Accessible

Record-Breaking Private U.S. Investments to Help Build 250,000 Chargers Per Year, Create More Than 2,000 Jobs

Today, the Biden-Harris Administration is highlighting how President Biden's leadership on electric vehicles is catalyzing more than $700 million in investments from the private sector that will increase our domestic capacity to manufacture more than 250,000 new electric vehicle (EV) chargers each year, add at least 2,000 good-paying jobs, and make EV charging more affordable, accessible, and equitable. The historic private investments will follow the $7.5 billion from President Biden's Bipartisan Infrastructure Law to build a national network of EV chargers, enabling convenient and uniform charging at home, work, and across the country.

President Biden's vison, leadership and the Bipartisan Infrastructure Law have positioned the United States to lead the electric future and make it in America. The President united automakers and autoworkers around an ambitious target for 50% of new vehicles sold in 2030 to be electric, passed the Bipartisan Infrastructure Law to build a national network of chargers for a seamless charging experience, and activated the federal government's purchasing power to procure more zero-emission vehicles by 2027 and 100% zero-emission vehicles by 2035. The President's actions will make EV charging convenient, reliable, and affordable for all Americans, including when driving long distances.

Today's announcements demonstrate how the President is catalyzing private investment to boost our domestic manufacturing capacity, enabling America to create a national network of chargers and create thousands of new high-quality, union jobs building, installing, and maintaining it. Today, the auto industry renaissance continues as the private sector steps up to invest in American-made charging across the country.

KEY INDUSTRY INVESTMENTS

• Electrify America, a leading network of fast chargers, today announced a new investment of $450 million into its charging network by Siemens, a global technology and electrification leader, and Volkswagen Group. These investments will support the rapid deployment of up to 10,000 ultra-fast chargers at 1,800 charging stations, more than the number of high-power chargers available in the United States today.

• Siemens is on track to build one million EV chargers over the next four years by investing more than $250 million in the U.S. in the past six months, including expansions of its Grand Prairie, TX and Pomona, CA manufacturing sites. Siemens has created 500 new, good-quality, union manufacturing jobs across the U.S to support critical power and EV charging infrastructure. And, they announced a $25 million minority stake investment in a US-based wireless charging company. Siemens has a new manufacturing facility coming online later this year and is introducing a new Buy America-compliant AC charger this fall.

ADDITIONAL INDUSTRY ACTIONS

• ABB E-mobility is adding 125 jobs across its operations this year alone, including at two new facilities. In Sugarland, Texas, they are opening a training center where ABB will provide authorized service partners with hands on training for servicing and maintaining EV chargers. In Southern California, ABB E-mobility is opening a product development and research facility where it will design, develop, and test EV chargers for the U.S. market.

• ChargePoint, a leading EV charging network, is expanding its partnership with SMTC Corporation to expand DCFC production, establish a manufacturing line for Level 2 chargers at their Milpitas, CA, facility, and create approximately 250 new manufacturing jobs. The expanded facility will be able to produce 10,000 DCFC dispensers and 10,000 Level 2 chargers by 2026.

• FLO, a North American EV charging network operator and smart charging solutions provider, announced a $3 million investment in its first U.S. assembly facility located in Auburn Hills, Michigan earlier this month. By 2028, the facility will produce upwards of 30,000 Buy America compliant charging stations and fast chargers annually, create upwards of 730 jobs, and bolster Michigan's economy by $76 million.

• Tesla is making investments at its Gigafactory in Buffalo, New York to support the deployment of new fast charging stations to add to its fast-charging network. More than 1,600 employees work at Giga New York producing the Tesla Solar Roof and Supercharger stations, which are capable of charging vehicles up to 250 kW. Tesla is expanding production capacity of power electronics components that convert alternating current to direct current, charging cabinets, posts and cables. Later this year, Tesla will begin production of new Supercharger equipment that will enable non-Tesla EV drivers in North America to use Tesla Superchargers.

• Tritium, who previously announced a Tennessee EV charger manufacturing facility at a White House event with President Biden, is accelerating its production schedule to manufacture DC fast chargers in the third quarter of 2022. They also plan to build their first Buy America chargers in early 2023. This facility will create more than 500 local jobs and will be capable of producing up to 30,000 fast charger units per year.

WORKFORCE DEVELOPMMENT AND EQUITY

• IBEW, as part of the Administration's Talent Pipeline Challenge, pledged to train 10,000 of their members through the Electric Vehicle Infrastructure Training Program (EVITP) by this August. Philanthropies, including the Hewlett Foundation, committed a total of $250,000 to support women and workers of color training for the EVITP-certification – with an emphasis on geographic diversity.

• ChargePoint recently partnered with the National Electrical Contractors Association (NECA) to prepare its nearly 4,000-member companies, all of which are IBEW unionized, to install EV charging infrastructure quickly and professionally in advance of the release of NEVI funding to States.

• Volta, a national owner operated ad-driven EV charging provider, expanded its "Charging for All" initiative, a multimillion-dollar commitment to ramp up equitable planning and charging investment. They will use PredictEV, a planning intelligence platform, to extend services to any state or city looking to maximize impact of public investment, while also delivering free media-space to State Departments of Transportation to ensure inclusive engagement.