Posted: January 4, 2023
By: Kerry McMahon
What is the NEVI plan?
The National Electric Vehicle Infrastructure (NEVI) Formula Program, under the Bipartisan Infrastructure Law (BIL), intends to establish a nationwide network of EV chargers. But what are the NEVI plan guidelines?
Key Points: Federal NEVI Program
- Investment: $7.5 billion
- Goal: A network of 500,000 EV chargers by 2030 and a convenient, reliable, affordable, and equitable charging experience for all users.
- NEVI plan requirements and parameters:
- Funds must first be used for EV charger installations along designated Alternative Fuel Corridors (highways, state routes, etc.).
- Charging locations must have a minimum of four (4) 150 kW DCFC chargers.
- Charging locations can be no further than 50 miles apart.
- Once those are completed, any remaining money can be used to install charging sites in public areas such as state parks, tourist destinations, and other roadways.
- Funds must first be used for EV charger installations along designated Alternative Fuel Corridors (highways, state routes, etc.).
What is the Ohio NEVI plan?
Starting in 2022 and continuing over the next five years, Ohio will receive more than $100 million for Direct Current (DC) fast chargers under the NEVI plan to be installed along designated Alternative Fuel Corridors. Ohio’s Electric Vehicle Infrastructure Deployment Plan (rev. June 2024) provides a framework for building an electric vehicle charging network across the state to enable EV travel and spur economic development.
Key Points: Ohio NEVI Program
- Ohio is allocated $20.7 million a year through 2026.
- They must meet the federal parameters stated above.
- Federal funding will cover 80% of the costs, with The Ohio Department of Transportation (ODOT) seeking 20% from the electric vehicle supply equipment (EVSE) owner.
- ODOT’s current Request for Proposals (RFP) to companies interested in installing EV charging stations has now closed. But be on the lookout for another round of RFPs in the future.
Read more on tax incentives for EV charging stations and why electrifying your company fleet is a good investment.
The Support You Need to Capitalize on the NEVI Plan
To complete these large projects, you’ll need to have a trusted partner by your side.
Ideally, this partner will support EV charging station and equipment procurement, infrastructure planning, and project management to your budget and timelines—whether it’s one location or thousands.
At Loeb Electric, we can do all that and more. For more information, contact Loeb Electric online or call us at 800.686.6351. Register to watch this webinar for insight on EV trends, EV chargers, tax incentives, and how to prepare your business for the future.
Speak with lighting & electrical distribution experts today.
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