Biden to pour hundreds of millions into building EV charging stations
As part of President Biden’s massive $7.5 billion plan to extensively build out EV infrastructure in the US – much to the chagrin of some Republican lawmakers – the government has announced that it is investing $623 million in grants to put 7,500 more EV charging stations on the roads.
The funding is part of the Charging and Fueling Infrastructure (CFI) Discretionary Grant Program, which gives the Federal Highway Administration $2.5 billion to play with over the next five years to build EV charging fueling stations in local communities and along major highways. Money too has been earmarked to create hydrogen corridors for medium- and heavy-duty freight trucks.
Some $311 million will be offered to 36 “community” projects, including two Indian Tribes in Alaska and Arizona, to build both EV and hydrogen recharging stations at libraries, schools, public parks, etc. The remaining $312 will go to 11 “corridor” recipients whose projects are located along roadways designated as Alternative Fuel Corridors, with the idea to fill gaps in the existing network. The project involves 22 states and Puerto Rico, with the total construction of about 7,500 EV charging ports.
For Puerto Rico, some $51 million is earmarked to build out charging stations along its corridors. Mesa, Arizona, will receive $12 million to build 48 electric vehicle chargers for a variety of vehicle sizes, charging docks for e-bikes and e-scooters, and solar canopies to support electricity generation at the stations.
In Texas, $70 million will be used to build five hydrogen fueling stations for medium- and heavy-duty freight trucks in Dallas, Houston, Austin, and San Antonio, as well as create a hydrogen corridor from southern California to Texas. In California, 10 projects will receive grants, while some $26.6 million will go to four projects in Washington. You can see a list of recipients here.
The Biden administration says this is all critical to building out a “convenient, affordable, reliable and made-in-America national network” of electric vehicle chargers, which includes some 500,000 publicly available chargers by 2030. The promise to bring in new jobs too is part of the package.
“America led the arrival of the automotive era, and now we have a chance to lead the world in the EV revolution – securing jobs, savings, and benefits for Americans in the process,” US Transportation Secretary Pete Buttigieg said in a statement. “This funding will help ensure that EV chargers are accessible, reliable, and convenient for American drivers, while creating jobs in charger manufacturing, installation, and maintenance for American workers.”
Electrek’s Take
President Biden has made the focus on transitioning American drivers to EVs a central part of his policy – and the government has touted some big results since his taking office. According to the press announcement, EV sales have quadrupled in the US, with the number of publicly available charging ports rising by nearly 70%. Today, more than 4 million EVs are on US roadways, with the goal for half of the country’s car sales to be electric by 2030.
Of course, this is all badly needed if we’re to put more EVs on the road – and US drivers particularly need more reliable stations. EV charging availability certainly won’t be enough on its own to encourage American drivers to ditch ICE cars for an EV, especially as gas prices dip, but not having an extended network makes it impossible.
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Chinese electric scooter manufacturer NIU Technologies (NASDAQ: NIU) is experiencing a remarkable surge in 2025, with its stock price nearly doubling year-to-date. This impressive performance is fueled by a significant increase in electric moped sales, particularly within its domestic market, despite facing challenges such as international tariffs and rising freight costs.
Domestic market is driving growth
In the first quarter of 2025, NIU reported a 57.4% year-over-year increase in e-scooter sales, totaling 203,313 units. Notably, 183,065 of these units were sold in China, marking a 66.2% increase compared to the same period last year.
This domestic growth was boosted by China’s consumer trade-in program, which incentivizes the replacement of older scooters with newer, more efficient models.
The company’s revenue for Q1 2025 reached RMB 682.0 million (approximately US $94 million), a 35.1% increase from the previous year. However, the average revenue per e-scooter decreased by 14.2% to RMB 3,354, indicating a shift towards more affordable models.
NIU CEO Yan Li explained: “In China, we are advancing our intelligent product development strategy by integrating automotive-grade technologies such as millimeter-wave radar, dual-channel ABS, and AI Smart Ecosystem to enhance the user experience. Our retail network has continued to expand in-line with our expectations, with new stores opening during the quarter. This synergistic combination of product innovation and omni-channel growth is driving measurable increases in domestic sales and market penetration.”
International challenges remain
While domestic sales certainly provided strong tailwinds for NIU, international markets still present challenges for the company. Sales outside China grew by a modest 6.4%, totaling 20,248 units. Factors such as US tariffs and increased freight costs were noted in NIU’s Q1 2025 earnings report as impacting international margins. Despite these hurdles, international sales contributed RMB 60 million (approximately US $8 million) to the quarterly revenue, a 22.4% increase year-over-year.
NIU’s gross margin declined to 17.3% from 18.9% in the same quarter last year, reflecting the pressure from international trade policies and logistics costs. Nevertheless, the company’s net loss narrowed to RMB 38.8 million, down from RMB 54.8 million in Q1 2024, indicating improved operational efficiency. While still operating at a net loss of around US 5.4 million, these numbers indicate a strong turnaround for the company – reflected by the nearly doubling of NIU’s stock price so far in 2025.
Looking ahead, NIU is anticipating continued growth and projecting Q2 2025 revenue to increase by 40% to 50% year-over-year. The company says it is also exploring strategies to mitigate international challenges, such as diversifying its production and focusing on markets less affected by tariffs.
As Li continued, “Globally, the market is undergoing structural shifts, with US trade policies experiencing increased volatility. However, we are leveraging innovation and agile infrastructure to mitigate geopolitical challenges, enabling sustainable global growth through proactive production adjustments.”
Electrek’s Take
If you’re a NIU fan like I am, this is great news that helps claw back some of the losses seen in the last couple of years. The entire micromobility sector has navigated choppy waters after the pandemic bubble burst, and NIU was certainly not immune to the drop in sales. But these numbers paint a promising return that industry analysts and scooter riders who depend on the company alike have been hoping for.
I visited NIU’s factory a few months ago and saw firsthand how much care and precision goes into building its millions of electric two-wheelers. That kind of in-depth look is rare in this industry, and it gave me keen insight into what separates NIU’s high-tech and high-design models from much of the industry.
Now it seems that sales are starting to catch back up to where such innovative pieces of tech deserve to be. Here’s to hoping for another good quarter to follow.
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On today’s sunny side up episode of Quick Charge, we take a look at the latest from the world of solar power, and discuss Congressional Republicans’ plans to limit your energy independence by eliminating a critical tax credit for homeowners nearly ten years early. (!)
We’ve also got a quick review of a massive solar farm powering 200,000 homes in Indiana and the biggest solar project East of the Mississippi – both part of a record 98% of all new power generation and grid capacity introduced in 2025 coming from wind and solar. Those are jobs, those are lower utility rates, those are energy independence … so why are Congressional Republicans working to make that more expensive?
Source Links
If you want to read that EnergySage report on the state of the home solar industry, including news about battery energy storage system and V2H/V2G prices and financing trends, you can check it out for yourself, below, then let us know what you think in the comments.
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If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California.
Justin Sullivan | Getty Images News | Getty Images
Alphabet’s Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose.
In March, the company submitted a request to the California Public Utilities Commission to gain approval for its latest passenger safety plan, a key step in gaining permission to operate driverless vehicles across a broader area. On Monday, the proposed expansion was approved, allowing for Waymo’s driverless coverage to extend from San Francisco down through the Peninsula.
“We’re very excited to share that the CPUC has approved our application to operate our fully autonomous commercial ride-hailing service in the South Bay and nearly all of San Jose!” the company wrote in a post on X on Monday. “While this won’t change our operations in the near-term, we’re looking forward to bringing the benefits of Waymo One to more of the Bay Area in the future.”
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