Trump proposal would make $5 billion US EV charger fund unusable, Democrats say

Reuters06:16
Trump proposal would make $5 billion US EV charger fund unusable, Democrats say

March 16 (Reuters) - A group of 20 state attorneys general said on Monday the Trump administration proposal to boost American content in federally funded electric vehicle charging stations would effectively make the $5 billion program unusable.

The attorneys general from states including California, Colorado, Arizona, New York and Michigan, said the Transportation Department proposal to hike so-called "Buy America" requirements from 55% to 100% would make it "impossible for manufacturers to achieve, frustrate congressional intent, and impair the public interest by slowing or halting federally funded EV charger deployment nationwide."

(Reporting by David Shepardson)

((David.Shepardson@thomsonreuters.com; 2028988324;))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment