The US Departments of Transportation and Energy announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure (NEVI) Formula Program to build out a national electric vehicle charging network.

The program will provide nearly $5 billion over five years to help states create a network of EV charging stations along designated Alternative Fuel Corridors, particularly along the Interstate Highway System. These corridors will be the backbone of the new national EV charging network.

The total amount available to states in Fiscal Year 2022 under the NEVI Formula Program is $615 million. A second, competitive grant program designed to further increase EV charging access in locations throughout the country, including in rural and underserved communities, will be announced later this year.

To access these new funds, each state is required to submit an EV Infrastructure Deployment Plan to the new Joint Office of Energy and Transportation that describes how the state intends to use its share of NEVI Formula Program funds consistent with Federal Highway Administration (FHWA) guidance.

The Joint Office will play a key role in the implementation of the NEVI Formula Program by providing direct technical assistance and support to help states develop their plans before they are reviewed and approved by the Federal Highway Administration, which administers the funding.

As part of the joint announcement, FHWA released the NEVI Formula Program funding to states that will be available following approval of state plans for Fiscal Year 2022 in addition to the Program Guidance and a Request for Nominations for states to expand their existing Alternative Fuel Corridors.