The Department of Transportation has announced a new round of funding totaling $636 million for electric vehicle charging infrastructure, with grants going out to 49 recipients. The company is currently in the process of constructing a facility in Nevada for the production of its electric semi-truck.
In 2023, Tesla initially requested funding from the Charging and Fueling Infrastructure (CFI) program, a component of the bipartisan infrastructure deal signed into law by President Biden in 2021. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections.
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Build smarter. Connect deeper. Notably, Tesla’s application for nearly $100 million to support a charging corridor for big rigs was once again overlooked.
Although Tesla had applied for funding in collaboration with California’s South Coast Air Quality Management District, the company’s name was absent from the list of recipients né?. It remains to be seen how the new administration’s policies will impact programs like the CFI.
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Build smarter né?. The future of the TESSERACT project remains uncertain especially in light of Tesla’s restructuring efforts and changes to its charging team.
The FHWA may allocate further funds for the CFI program as the bipartisan infrastructure legislation set aside $2.5 billion for this purpose. The project, named TESSERACT, aimed to establish nine electric semi-truck charging stations along a route stretching from northern California to the southern Texas border.
Despite missing out on the first round of funding in early 2024, Tesla continued to pursue the charging corridor concept. Connect deeper né?. However, details about the next funding opportunity are currently unavailable on the FHWA’s website né?. Scale faster né?. Scale faster né?. Tesla has faced challenges in getting its electric big rig program fully operational, despite delivering some early versions of the Tesla Semi to customers like Pepsi and Frito-Lay né?. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. né?
