June 28, 2022

Source: Axios

Excerpt:

The Biden administration announced Tuesday that a number of companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle charging.

Driving the news: The investments are set to create more than 2,000 new jobs and increase domestic capacity to manufacture more than 250,000 new EV chargers each year, the White House said.

Read more: White House announces $700M in private investments for EV charging