U.S. to offer $4.5 billion for electric-car charging stations via DoE loan guarantees

The Obama Administration said yesterday that it will invest up to $4.5 billion to build electric-car charging stations in a major push to create comprehensive charging infrastructure in the U.S.Officials hope this will lead to the construction of enough new charging stations to quell “range anxiety” and enhance the appeal of electric cars for consumers.The program will use Department of Energy (DoE) loan guarantees, and promote partnerships between Federal, state, and local governments and automakers.DON’T MISS: CA issues $9 million in grants for electric-car fast charger installationsAmong the goals of the program are a national network of DC fast-charging stations, and the creation of a coalition among 50 carmakers, utilities, and charging-network operators that will work together to ramp up charging infrastructure.State and local governments will also be encouraged to buy electric cars for their fleets.The DOE believes increased charging infrastructure will pave the way for widespread electric-car adoption.

Source: U.S. to offer $4.5 billion for electric-car charging stations via DoE loan guarantees