Buttigieg celebrates more than $620 million in new EV funding 'to win the race'

The Biden administration is giving $623 million in grants to create electric vehicle charging points in the United States as part of President Joe Biden’s effort to steer drivers away from gas-powered vehicles.

While EV sales have grown in recent years, accounting for 9% of all passenger vehicle sales in 2023, the funding comes after a gradual decrease in demand from consumers, with General Motors, Ford, and Tesla cutting back on their investments, the Guardian reported. Transportation Secretary Pete Buttigieg praised the investment on Thursday.