Biden Administration Announces Plan to Invest $1 Billion in Electric Vehicle Charging Infrastructure. The Biden administration has unveiled a major initiative to accelerate the adoption of electric vehicles in the US, with a proposed $1 billion investment in the development of a nationwide electric vehicle charging network. The plan, which is part of the administration's broader efforts to combat climate change and reduce America's reliance on fossil fuels, aims to create a comprehensive network of fast-charging stations along highways and in urban areas. The investment is expected to support the construction of thousands of new charging stations, with a focus on underserved communities and rural areas where access to charging infrastructure is currently limited. The move is seen as a crucial step towards achieving the administration's goal of having 50% of new car sales be electric by 2030.