Since President Biden took office, companies have invested nearly $85 billion in the manufacturing of electric vehicles (EVs), batteries, and EV chargers in the United States. This is triple the investment made in domestic EV manufacturing in 2020 and more the 28 times the investment in batteries from two years ago, and the sale of EVs in the United States has tripled in the same period. The Biden-Harris administration is crediting the increase in the development and adoption of EV to an aggressive and holistic funding strategy driven by the White House.

Morgan Lewis lawyers detail some of the key regulatory and commercial concerns that have emerged on the heels of this federal push.

• US Federal Funding Developments: The Biden-Harris administration introduced an ambitious plan to support the electric vehicles market early on in the administration’s leadership with the Build Back Better Act, which ultimately was not passed by Congress. The administration pivoted to introduce funding for a national network of 500,000 EV charging stations in the Infrastructure Investment and Job Acts. Additionally, the CHIPS Act included $52.7 billion for American semiconductor research, development, and workforce development—an important component to the entire EV program. The Inflation Reduction Act provides $369 billion for energy security and climate change initiatives, with incentives for the purchase of EVs. All these funding initiatives were almost immediately implemented, spurring a...

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