The U.S. Departments of Transportation and Energy have announced $325 million in new investments going toward improving electric vehicle (EV) charger reliability and cutting costs in the industry.
In a press release shared on Friday, the White House announced three programs to repair and replace existing, non-operational chargers across the country, to reduce costs for deploying charging in underserved communities, and to cut battery costs. Part of the funding includes almost $149 million in grants dedicated to fixing non-working charging equipment, expected to help bring 4,500 broken public chargers back into operation.
The White House says the programs will “increase the reliability and resilience of publicly accessible chargers, advance EV technologies, and support workforce development for EV charging deployment and maintenance.”
The statement also details the Biden administration’s notice of intent to propose regulations related to the 30C tax credit, recommending definition changes that would give around two-thirds of Americans access to up to 30 percent off on charging equipment.
EV charger reliability has long been under scrutiny from EV drivers and regulators alike, and especially from those who have had to charge their vehicles at non-Tesla charging stations. Last year, the California Energy Commission announced plans to create regulatory framework for public EV charger reliability and availability, though this is the first such funding to support maintenance on a federal level.
The newly announced funding programs also follow $623 million in awards announced earlier this month, which are expected to help fill gaps in the U.S. charging infrastructure.
The press release includes a list of financial commitments that are a part of the programs, including Tesla’s plan to open at least 7,500 Superchargers to non-Tesla owners throughout this year. Throughout much of last year and into this year, nearly every automaker also signed on to adopt Tesla’s charging hardware, dubbed the North American Charging Standard (NACS).
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The list also includes several other automakers and a new charging station joint venture including BMW, General Motors (GM), Honda, Hyundai, Kia, Mercedes-Benz and Stellantis, which is expected to install 30,000 EV charging stations.
It also lists several companies that are not automakers as a part of the program, including the Hilton deal for as many as 20,000 Universal Wall Connectors, announced in September.
Below are all the companies listed on the private sector EV charging commitments document, or you can view full project descriptions from the White House here.
EV Charging Deployment
Automakers
- JV created by BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis
- Tesla
- Forum Mobility
Charging Companies
- bp pulse (EV charging arm of bp, formerly British Petroleum)
- EVgo
- Francis Energy
Notable Charging Partnerships
- Pilot, GM and EVgo
- TravelCenters of America and Electrify America
- Mercedes-Benz, ChargePoint and MN8 Energy
- GM and FLO
- Forum Mobility and local San Pedro and Oakland ports
- EVgo and Meijer
Hospitality/Retail
- Marriott
- Hilton
- Walmart
EV Charger Manufacturing
- Kempower Inc.
- EdgeEnergy
- BorgWarner
- Daimler Truck North America, NextEra Energy and BlackRock Alternatives
- Ingeteam
- Atom Power
- XCharge North America
- Star Charge
- LG Electronics
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.
Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.
SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.
The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.
SpaceX Starship just nailed something it’s never done before
Nevertheless, more details are coming out about Starship, and Musk is doing the talking.
Starship Will Be Retrieved in the Ocean
Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
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This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.
Ship Could Have Been Caught by Tower Arms, Musk claims
Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.
It is a necessity to make life multiplanetary.
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Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
