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Thursday, February 16, 2023 6:19:33 AM
By Jarrett Renshaw and Hyunjoo Jin
February 15, 2023
https://www.reuters.com/business/autos-transportation/new-biden-ev-charger-rules-stress-made-america-force-tesla-changes-2023-02-15/
Key quotes:
"The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built in the United States immediately, and with 55% of their cost coming from U.S.-made components by 2024."
"Companies that hope to tap $7.5 billion in federal funding for this network must also adopt the dominant U.S. standard for charging connectors, known as "Combined Charging System" or CCS; use standardized payment options; a single method of identification that works across all chargers; and work 97% of the time."
"The first tranche of the billions in federal funds will now be rolled out to states in upcoming weeks, forcing companies like Tesla, EVgo Inc (EVGO.O) and ChargePoint Holdings Inc (CHPT.N) to jockey for their share of the funds from state governments."
Recent EVGO News
- EVgo and Regency Centers Open Newest Fast Charging Station in Longstanding Partnership, Expanding Footprint to More Than 120 Stalls Across U.S. • Business Wire • 06/26/2024 11:00:00 AM
- EVgo Names Keith Hutchison as Company’s First Chief People Officer • Business Wire • 06/20/2024 11:00:00 AM
- EVgo Recognizes Massive Rideshare Growth as Commercial Throughput More Than Tripled Year over Year in Q1 • Business Wire • 06/13/2024 11:00:00 AM
- Toyota Announces First Communities to Receive DC Fast Chargers Through 'Empact' Vision • PR Newswire (US) • 05/29/2024 11:00:00 AM
- EVgo Celebrates More Than 1 Million Customer Accounts Across the U.S. as EV Adoption Continues to Grow • Business Wire • 05/21/2024 11:00:00 AM
- Motiv Names Scott Griffith as Chief Executive Officer and Board Member • GlobeNewswire Inc. • 05/16/2024 12:00:00 PM
- EVgo Doubles Down on Commitment to Begin NACS Deployments in 2024 • Business Wire • 05/14/2024 11:00:00 AM
- EVgo Inc. Reports Record First Quarter 2024 Results • Business Wire • 05/07/2024 11:05:00 AM
- EVgo Expansion in Los Angeles Recognized with 1st Place Leadership Award by Largest Municipal Utility in the Nation • Business Wire • 05/01/2024 11:00:00 AM
- EVgo to Report First Quarter 2024 Results on May 7, 2024 • Business Wire • 04/24/2024 12:04:00 PM
- EVgo Expands Autocharge+ to More Than 50 Electric Vehicle Models • Business Wire • 04/09/2024 11:00:00 AM
- EVgo Welcomes Scott Griffith to Board of Directors • Business Wire • 04/03/2024 11:30:00 PM
- EVgo to Host Financial Modeling Webinar on April 4, 2024 • Business Wire • 04/01/2024 09:00:00 PM
- SLB Capital Advisors Advises on Sale Leasebacks For Leading EV Fast Charging Solutions Provider EVgo • PR Newswire (US) • 03/26/2024 03:30:00 PM
- EVgo Opens First Public Fast Charging Site with Innovative Prefabrication Approach • Business Wire • 03/21/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 02:48:18 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/06/2024 09:15:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 09:05:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 12:16:02 PM
- EVgo Inc. Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 03/06/2024 12:00:00 PM
- U.S. Stock Futures Gain Ahead of Economic Insights; Oil Prices Climb • IH Market News • 03/06/2024 11:02:03 AM
- EVgo to Report Fourth Quarter and Full Year 2023 Results on March 6, 2024 • Business Wire • 02/21/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 01:03:30 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/03/2024 02:03:47 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/02/2024 09:04:08 PM
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