KEY POINTS
  • The Biden administration wants at least 500,000 publicly accessible electric vehicle chargers on US roads by 2030.
  • Now, companies that build and operate charging networks — including Tesla, GM, Ford, ChargePoint and others — stand to reap the rewards of federal funding if they meet new requirements.
  • White House officials announced that Tesla will open up 7,500 of its charging stations by the end of 2024 to non-Tesla EV drivers. Previously the company’s chargers in the U.S. were mostly used by and made to be compatible with Tesla EVs only.

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Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023.

The Biden administration wants to see at least 500,000 electric vehicle chargers on U.S. roads by 2030, and announced a slate of initiatives on Wednesday to help make that a reality, including commitments from companies that build and operate charging networks like Tesla, GM, Ford, ChargePoint and others.

All of the companies stand to reap the benefits of federal funding if their planned charging infrastructure projects meet new federal standards, which were also revealed on Wednesday.

In this article