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. . 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.” . 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 . Europe’s success with this type of funding model is powerful evidence the US initiative is on the right track. . 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.  . We’d love to hear from you. Share your comments, questions and ideas for future topics and guests to [email protected]. Don’t forget to take a moment to follow SAE Tomorrow Today (and give us a review) on your preferred podcasting platform. . Follow SAE on LinkedIn, Instagram, Facebook, Twitter, and YouTube. Follow host Grayson Brulte on LinkedIn, Twitter, and Instagram.