Electric car charging infrastructure forms US-Saudi cooperation, leaving China out of the game

On January 19, the Biden administration announced that it would allocate $325 million to develop an electric car charging infrastructure.

This amount includes $149 million to repair or replace existing chargers for electric vehicles and $131 million to finance R&D activities in the field of charging infrastructure in the United States.

The remaining amount is $46 million, which will be spent under the Ride and Drive Electric program to continue building a charging station network for electric vehicles.

This investment follows from the $623 million in U.S. government grants announced in January to deploy affordable charging stations in communities and fill gaps in the national charging infrastructure network.

The purpose of these US government funding packages is to increase the competitiveness of the US market. Investments in charging infrastructure contribute to creating a capital-intensive market for electric vehicle manufacturers in the United States, which will positively impact the country's domestic economy.