This marks the two-year anniversary of the single-largest infusion of money for transportation at the federal level. In addition to increasing transportation funding by 50 percent from the last transportation infrastructure bill, the Bipartisan Infrastructure Law created a number of new funding programs for transportation projects that prioritize greenhouse gas emissions reduction and equity.
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In 2021, the Biden Administration set ambitious climate goals of reaching 100 per cent clean electricity by 2035 and net zero emissions by 2050. This has put the spotlight on the urgent need for rebuilding and modernising the country’s ageing electricity transmission grid. To support these goals, huge dedicated federal funding allocations have been made for grid modernisation under the Bipartisan Infrastructure Law (BIL), enacted as the Infrastructure Investment and Jobs Act (IIJA) in November 2021.
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The Biden administration aims for 50% of new light-duty vehicle sales to be zero-emission by 2030. The Bipartisan Infrastructure Law provides the largest-ever federal investment in EV charging infrastructure, and thus serves as a critical down payment for the United States to reach its EV potential. The influx of new federal funding presents a unique opportunity to jump start the effort to electrify transportation, but only if states and cities use funds effectively and equitably.
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