Volkswagen and Siemens Set to Make Major Investment in EV Charging

Updated: Jul 11

This Tuesday, Reuters reported on a statement from the White House announcing that several large firms are planning to invest more than $700 million to strengthen U.S. manufacturing capacity for electric vehicle (EV) chargers. This influx of funding is expected to add at least 2,000 jobs and result in a more accessible and affordable EV charging marketplace.

Volkswagen’s Electrify America initiative is set to invest $450 million, Siemens has earmarked $250 million, and FLO (an EV charging infrastructure operator) is spending $3 million to open its first US plant in Auburn, Michigan.

360 Energy Group has experience working with EV charging installation and will be involved in EV infrastructure projects in the future. If you’re looking for help with your organization’s energy efficiency project, contact us at info@360eg.com.