The National Electric Vehicle Infrastructure (NEVI) Formula Program, part of the Infrastructure Investment and Jobs Act (IIJA), allocates $7.5 billion for EV charging projects: $5 billion for nationwide funding and $2.5 billion anticipated for corridor and community charging grants. NEVI is designed to promote equitable access to electric vehicles, reduce emissions from transportation and progress toward a federal goal of net zero emissions by 2050.
How do I know if I meet NEVI Funding Requirements?
NEVI requirements were designed to provide convenient, reliable, affordable and equitable charging for EV drivers who need fast charging locally or while on a trip. To be eligible for NEVI funding of up to 80% of project costs, locations must:
Be within 1 mile of established alternative fuel corridors (AFCs)
Accommodate the power requirements for DC solutions
Charge four vehicles at 150 kW at the same time
Cover remaining total project costs
Why RES & ChargePoint are the right partners for your NEVI program application:
Our solutions put you in control:
Decide who can use your stations and how much it costs to charge
Easily integrate with your loyalty programs and create special offers for customers
Get complete data on who is charging at your location and what you’re spending on energy
Set your own prices and decide how you want to generate revenue from EV charging
Our expert team is here for you:
Get the best return on your investment with financing options that work for your business.
Support your drivers 24/7 with our expert phone support team so you can stay focused on your business
Dedicated team of grant application professionals will manage your funding application from start to finish
Dedicated NEVI team is with you every step of the way, from site design to ongoing support
What can NEVI funding be used for?
NEVI funding can cover a portion of installation costs, including the “make-ready” work needed to prepare a site for EV charging, such as utility upgrades, running wiring to charging station locations and associated construction work. NEVI funding will also cover a portion of the cost of EV charging hardware and software.
What are the additional state requirements?
Each state can establish its own NEVI requirements in addition to the federal minimum standards. You can look for your state’s standards at driveelectric.gov/state-plans.
When is NEVI funding available?
NEVI program funding availability varies by state. RES and ChargePoint are working with customers nationally to evaluate funding mechanisms, identify potentially applicable sites and build strategies now to make the most of funding opportunities.
What other incentives are available?
In addition to federal NEVI program funds, individual states may offer their own incentives. The federal government is also finalizing the details of what’s known as the 30C tax credit for EV charging, which can provide up to 30% tax credit for the costs of installing EV charging.