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.
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