Electrify Your Business with NEVI Funding and EV Range

Introducing NEVI: The National Electric Vehicle Infrastructure Program

By Joe Glassmeyer, Site Acquisition Specialist

If you've been keeping up with the latest in electric vehicle news, you're likely familiar with NEVI – the National Electric Vehicle Infrastructure Program. This initiative presents an exciting chance for businesses to enhance their EV infrastructure strategies.

NEVI is a key component of the Infrastructure Investment and Jobs Act (IIJA), a significant legislative effort. This program sets aside a substantial $7.5 billion specifically for EV charging ventures. Among this allocation, $5 billion is earmarked for nationwide funding, while an additional $2.5 billion is expected to be allocated to corridor and community charging grants. NEVI stands as a catalyst for fostering fair access to electric vehicles, curbing transportation-related emissions, and advancing toward the federal objective of achieving net-zero emissions by 2050.

Under the NEVI program, businesses can secure up to 80% of the necessary funding to incorporate DC Fast chargers into their facilities. With this generous level of financial support, businesses now have an opportunity to establish their own EV infrastructure.

NEVI Funding Requirements

While the NEVI program operates at the federal level, it's important to note that the application process and funding specifics can vary from state to state. For insights into your particular state's plan for EV charging and its utilization of federal funds, check out the Joint Office of Energy and Transportation's 2023 report, here.

In addition to any state-specific requirements, there are federal prerequisites that you'll need to fulfill in order to be eligible for NEVI funding. These include:

• Charging Capacity: Your locations must be capable of simultaneously charging at least 4 vehicles at 150 kW each.

• Proximity along Highways: Charging stations should be situated no more than 50 miles apart along freeways and highways, contributing to a well-distributed network.

• Accessibility: Stations must be located within 1 mile of a freeway exit or highway roadway, ensuring ease of access for drivers.

• Power Capacity: Locations must be able to accommodate the power demands of DC charging solutions.

• Reliability: Each charging port is expected to maintain 97% uptime and remain operational and well-maintained for a minimum of five years.

• Secure Payment: Charging sites must offer secure payment methods, such as card readers or tap-to-pay options.

These are just a few of the big ones, but for a more detailed list you can see the federal standard and requirements here.

EV Range: The Right Partner For Your NEVI Application

The EV market is expanding, and drivers expect convenient access to chargers. In the past 3 years, EV sales surged, from 4% in 2020 to 14% in 2022, with a projected 35% rise by the end of 2023. NEVI funding empowers businesses to now address costs linked to adding EV charging at their locations.

We understand that navigating government-funded programs can seem overwhelming. While the potential benefits of programs like NEVI are exciting, the paperwork isn’t.

EV Range is the third largest high-powered (150kW+) public fast charger network in California and a full stack EV solution. So, let us help simplify the process. Our team is dedicated to assisting companies in smoothly maneuvering through the entire EV charger installation and operation process; with particular experience in interacting with government organizations and electric utility companies. We specialize in identifying and securing grants and incentives that can significantly offset the costs associated with installing, owning, and operating electric vehicle chargers.

Partnering with EV Range offers you one of the most straightforward paths to tackling the NEVI application process and bringing charging stations to your location. When you choose to partner with us, you gain access to:

• A dedicated team of EV enthusiasts with industry-leading experience;

• A one-stop-shop for all of your EV charger planning and installing, applying for grants and incentives, and supplying necessary hardware and software; and

• A software forward partner who’s solution focuses on remotely managing and monetizing electric vehicle chargers.

If you're ready to take the plunge with NEVI or other government incentive programs, we're here to help. Get in contact with our team today to see how we can help you electrify your business.

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