EV Funding and Financing Guide
How to Amp Up Transportation Transformation: A Guidebook for Funding and Financing Electrification
Electrifying our transportation system is vital to U.S. economic and national security. It’s also an important strategy to reduce air pollution, improve public health, and combat climate change. Consumers and fleets can save thousands of dollars over the life of an EV, but higher upfront costs can be a barrier. Consumers and fleet managers can use this guide to identify funding and financing options to help overcome this barrier. Policymakers and other stakeholders can explore programs and policies to replicate in their own states or regions to accelerate transportation electrification.
Funding and financing for electric vehicles and charging infrastructure can come from a variety of sources, including federal, state and local government agencies, utilities, legal settlements, carbon market revenues, future operational savings, and monetization of vehicle-to-grid capabilities. There are also ways to lower the upfront costs of EVs and charging infrastructure through pooling demand and promoting competition.
View the guide to learn more.