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June 28, 20224:04 PM EDT
Last Updated an hour ago
White House says companies investing $700 million to boost EV charger production
By Timothy Gardner
2 minute read
A electric vehicle charger is seen as a vehicle charges in Manhattan, New York
A car is plugged in at a charging point for electric vehicles in London
An electric vehicle charger is seen in Manhattan, New York
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A car is plugged in at a charging point for electric vehicles in London, Britain, March 6, 2018. REUTERS/Simon Dawson
WASHINGTON, June 28 (Reuters) - The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers - actions set to add at least 2,000 jobs and make charging more accessible and affordable.
The investments include $450 million earmarked by Volkswagen (VOWG_p.DE) unit Electrify America and more than $250 million by Siemens (SIEGn.DE) to expand its Grand Prairie, Texas and Ponoma, California EV charger plants.
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Reporting by Ernest Scheyder Editing by Chris Reese and Leslie Adler
Surging electric-car sales could create a $207 billion market for EV charging. These 8 startups are leading the race to build out public charging networks.
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