H.R. 1513: Unplug the Electric Vehicle Charging Stations Program Act

This bill, titled the Unplug the Electric Vehicle Charging Stations Program Act, seeks to eliminate certain federal programs that currently fund electric vehicle (EV) charging infrastructure. Here are the main components of what the bill would do:

Repeal of Funding Programs

The bill proposes to repeal various funding programs related to electric vehicle charging stations that were authorized under the Infrastructure Investment and Jobs Act. Specifically, it affects the following:

• Charging and Fueling Infrastructure Grants: The bill aims to remove the authorization for appropriations for grant programs that support the development and installation of EV charging stations. This includes reworking sections of the law to exclude grants previously designated for electric vehicle infrastructure.
• National Electric Vehicle Infrastructure Formula Program: The bill also intends to end the National Electric Vehicle Infrastructure Formula Program by rescinding any unobligated amounts that were allocated for this purpose and terminating the program's operations. This means that no federal funds would be available for this program moving forward.

Rescission of Funds

The bill includes provisions that would rescind any unobligated federal funds that were made available for electric vehicle charging infrastructure. This means that funds initially set aside for these programs would be returned and not utilized for their intended purpose.

Termination of Activities

Upon enactment of this bill, all activities related to the affected programs would cease. Specifically:

• All efforts to implement the now-repealed programs would be halted.
• No new funds could be allocated or used for any charging infrastructure programs that were previously authorized under the law.

Overall Impact

The result of this legislative action would be the cessation of monetary support for public electric vehicle charging stations, which could impact the availability and expansion of EV infrastructure across the country.

Relevant Companies

• TLSA (Tesla, Inc.) - The elimination of federal support for EV charging infrastructure may affect Tesla, as the company is heavily invested in charging networks and infrastructure.
• CHPT (ChargePoint Holdings, Inc.) - As a major operator of EV charging stations, the repeal of funding could hinder ChargePoint’s growth and expansion plans.
• BLNK (Blink Charging Co.) - Similar to ChargePoint, Blink relies on federal initiatives to grow its charging network and could see reduction in opportunities for expansion.