Federal Highway Administration’s Post

Applications are open for the second round of the Charging Fuel Infrastructure (CFI) Program. This round provides $1.3B in funding to improve EV charging and alternative fueling infrastructure. With $800M allocated for new applications and $521.2M allocation for resubmissions from the FY2022/2023 Round 1 opportunity. The deadline is August 28 for new applications and July 1 for resubmissions from last year. There are two funding categories: ◾ Community charging and fueling grants, for publicly accessible EV charging in urban and rural communities ◾ Alternative fuel corridor grants, for publicly accessible EV charging along designated highways & other roadways Asset Market can help you to increase your chance of funding success by: ◾ Determining what EV charging your community needs through industry-leading AI-powered analytics ◾ Developing charging plans and selecting optimal locations for chargers that meet community needs in a practical and cost efficient way ◾ Providing the robust evidence required to make a strong case for funding Would you like to explore how CFI can benefit your community? Reach out to and Asset Market team member today! #evcharging #evcharginginfrastructure #fundingopportunities #USDOE #CFI

The 2024 #CFI grants awarded over $44 million to multi-unit dwelling (MUD) projects. Building out MUD charging infrastructure will fill in major gaps in the current national charging network. Find more trends and takeaways from the #CFI grants here: https://ow.ly/hyXg50QsIwC

🚗⚡️ Exciting News! The US Department of Transportation has released the Charging and Fueling Infrastructure (CFI) Discretionary Grant Program! The deadline is August 28th, so let's get the process started today. Contact us to begin your application and secure funding for sustainable transportation! #GrantOpportunity #SustainableTransport #CFIGrant #Californiaconsultinginc #MMASC #Californiacitynews

#budget2024 We are pleased with the Government's forward-thinking approach in setting an ambitious capex target of Rs. 11.11 lakh crore for infrastructure, marking an 11% increase. While the increase in capex is appreciated, there was hope for a higher increase in line with previous years. The announcement regarding three major economic corridors in the railway sector is a significant positive for all players in the industry. Additionally, the Government's proactive stance on offshore wind, particularly by providing Viability Gap Funding (VGF), is a welcome move that will kickstart growth in this sector. Moreover, the reduction in fiscal deficit is a noteworthy development that is poised to have a positive impact on the liquidity/interest rates in the market. These measures collectively reflect a commitment to fostering economic growth and development. Vimal Kejriwal RPG Group SAE Towers Asian Cables (Formerly RPG cables)

Currently listening to Bridget Gilmore, the Midwest Regional Technical Assistance Lead for the Joint Office of Energy and Transportation, discuss some key points to #CFI funding proposals... the successes from Round 1, the changes for Round 2, and what are key points to focus on for a CFI #community based proposal. With Millions of dollars on the table for #EVcharginginfrastructure for #communities alone, there is a dire need for #collaboration. Collaboration is a huge challenge out there as a lot of organizations want to be THE champion, and these funding packages are very competitive. But for the chance at $15MM... #Municipalities could drastically change the landscape of how the public charge their #EVs #equitably. Go #REVCC!

🚌💡 Going electric: Let’s move towards #electric buses! In this policy paper you will learn, how to update contract structures, develop charging strategies, and re-adjust bus operations. We elaborated the report together with EBRD and UITP to facilitate policymaking and the development of electric bus schemes, and to assist project finance. MobiliseYourCity Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ)

Following EDF’s announcement regarding the cost increase and delays for Hinkley Point, whether the Prime Minister will issue a statement similar to the one on HS2 remains to be seen. The PM redirected HS2 funding due to spiralling costs, claiming the government could focus instead on transport infrastructure across the North and Midlands. Yet we have no public information I can see about the cost incurred by the Government to meet contractual obligations of the supply chain with the cancellation of the line. Even more strange, we saw projects previously cancelled in the North by the PM when he was chancellor over claims they weren't viable in the past, but now, all of a sudden, reinstated because they are now viable. Does this show that the Government is unable to deliver the essential national infrastructure needed to support a high-growth, high-skill, high-wage, and dynamic economy?

Are you interested in learning about financing programs for home-energy upgrades in your #CDNmuni? GMF's CEF Resource Library offers a variety of tools and resources to help communities design or scale up local financing programs for energy upgrades. From guidebooks to case studies, find useful info on financing mechanisms, establishing a PACE program, key considerations for on-bill financing programs, and more. Explore the CEF Resource Library: https://lnkd.in/gYGiPd6Y

Important announcement made this week in the UK's transition to #netzero emissions, with the newly created National Wealth Fund (NWF) essentially merging with the previously named UK Infrastructure Bank (with a previous capitalisation of circa £22bn). In addition to UKIB's previous capital, the NWF is being provided with an additional capitalisation of £5.8bn, taking the overall capitalisation of the new organisation to just below £28bn. It may not be a huge amount of capitalisation and the NWF was due to receive higher additional funding. However, the NWF will have a broad range of finance tools at its disposal, with £13.8bn dedicated to equity instruments, £10bn to debt (including financial, first loss and performance guarantees), and £4bn for local authority lending and advisory. An important focus of the NWF - especially through its recently granted additional capital - will be to crowd in private investment in five strategic areas including gigafactories to support the electric vehicle supply chain, port infrastructure (to support the floating #offshorewind supply chain), green #steel, industrial decarbonisation and green #hydrogen. If it is accompanied by a long-term supportive public policy framework (with the right mix of revenue certainty mechanisms, regulatory standards, fiscal incentives, green public procurement rules etc), the NWF could play an important role in helping unlock some existing challenges that stand in the way of developing low carbon projects across different economic sectors and attracting private investment in these projects. To find out more about the NWF's focus and tools, the executive summary of this week's Treasury report is worth a quick look: https://lnkd.in/eyfYsjmE #climate #industrialstrategy

Most states will have 65% to 75% of their 5-year NEVI funding leftover after completing the required FHWA Alternative Fuel Corridor (AFC) buildout, according to analysis from our EVAdoption NEVI database. While the initial phase of NEVI funding requires corridor buildout, once states receive certification from the FHWA that all AFC charging sites are open, operational, and in compliance with FHWA/NEVI requirements, the states can then use remaining funds for non-corridor sites. This means that a lot of the states may use much of their remaining NEVI funds to build out Level 2 charging stations in local communities. Of Texas' $408 million in NEVI funding, for example, it is expected that perhaps $350 million will be available for post-corridor sites — but how those funds will be allocated between DCFC and Level 2 stations is unknown. With only two AFC sites, which are already underway, Rhode Island will be the first state to undergo the FHWA certification process later this year. We expect the certification process to be fairly quick, but in speaking to the Rhode Island Office of Energy Resources, they have not yet received any guidance from FHWA on the certification process. But here's a potential catch. FHWA requires that all AFC sites within a state be certified before the non-corridor funding becomes available. Say a state has 50 AFCs and 49 of them are open in the next year, but one site is delayed for another 6-12 months for whatever reason(s) — the state could not award post-corridor funds until this last site was certified. Some people I've spoken with think that FHWA may eventually revise this rule.