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- Signed into law on November 15, 2021, the IIJA provides $1.2 trillion in federal spending for transportation and infrastructure over the next five years with roughly $158 billion dedicated toward climate-related investments. California will receive $2.2 billion in total federal funding under the IIJA for transportation infrastructure.55 A key initiative under the IIJA will be the completion of a national electric vehicle charging system through the National Electric Vehicle Infrastructure (NEVI) Formula Program. California has already submitted a plan for a 6,600-mile statewide network that will connect 1.2 million chargers by 2030. California will receive $384 million total over five years as a part of this program.56 In addition, California will also be able to apply for some of the $2.5 billion in discretionary grants that are focused on rural, underserved and overburdened areas.57 The IIJA has also set aside grant money to scale up domestic EV battery manufacturing, with the U.S. Department of Energy announcing in October that it will give $2.8 billion to 20 firms.58 This should help ease global supply chains for batteries that have been strained since the pandemic.
55 A copy of the transportation budget can be viewed here: https://www.ebudget.ca.gov/2022-23/pdf/Enacted/BudgetSummary/Transportation.pdf
56 “Federal Funding to Help California Expand Electric Vehicle Charging Network” California Energy Commission, September 19, 2022. https://www.energy.ca.gov/news/2022-09/federal-funding-help-california-expand-electric-vehicle-charging-network
57 “Biden-Harris Administration Announces Approval of First 35 State Plans to Build Out EV Charging Infrastructure Across 53,000 Miles of Highways”. Federal Highway Administration, September 14, 2022
58 “DOE taps 20 companies to receive $2.8B for battery manufacturing, minerals processing build-out” Utility Drive. October 20, 2022
https://www.utilitydive.com/news/doe-battery-manufacturing-minerals-processing-award/634562/
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Assessing the Impacts of Climate Investments
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