- fifteen states won't be part of the "federal corridor"
- $4.5 billion in guaranteed loans
- for folks willing to build chargers that will charge an EV up to 80% in "about" 30 minutes
This is just guaranteed loans. It's not a real expenditure.
Let's see, $19,000,000,000,000.
0.02% of the deficit. And the $4.5 billion would be spread out over many years, and again, just loans.
By the way, this new initiative pretty much tells me all that "concern" in Washington, DC, about the crumbling infrastructure across entire US is a bit of hyperbole. $4.5 billion for automobiles that represent less than 1% of cars sold, and most of which are sold on the west coast, tells me where the real interest is. In addition, those EVs running on coal energy won't be paying gasoline taxes to support the highways they are using.