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TheLevisaLazer.com > Blog > Business/Politics > BESHEAR: $8.6 Million To Build 11 Electric Vehicle Charging Stations
Business/Politics

BESHEAR: $8.6 Million To Build 11 Electric Vehicle Charging Stations

Kentucky Government Press Release
Last updated: December 20, 2024 5:44 pm
Kentucky Government Press Release
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Gov. Beshear Announces $8.6 Million To Build 11 Electric Vehicle Charging Stations

New awards bring total funding amount to $32.9 million to build 48 fast charging stations across the commonwealth

FRANKFORT, Ky. (Dec. 20, 2024) – Gov. Andy Beshear announced that Team Kentucky continues to lead the way in the fast-growing electric vehicle (EV) sector with a fourth round of awards to further expand the state’s EV charging network. Six developers were selected to receive up to $8.6 million to build an additional 11 federally funded fast charging EV stations.

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Gov. Beshear Announces $8.6 Million To Build 11 Electric Vehicle Charging StationsNew awards bring total funding amount to $32.9 million to build 48 fast charging stations across the commonwealth

“Kentucky is continuing to lead the charge on the EV front,” said Gov. Beshear. “Having a robust charging network means peace of mind for EV drivers who don’t have to worry about whether they’ll find a convenient place to charge up. These fast charging stations are an investment in everyone who lives here, works here and visits our great state. And they will help us welcome more and more people to our New Kentucky Home.”

The stations will be along Kentucky’s interstates and parkways designated as Alternative Fuel Corridors, supporting long-distance driving for drivers across the commonwealth, as well as travelers visiting the Bluegrass State. The funding comes from the National Electric Vehicle Infrastructure (NEVI) Formula Program established under the historic Bipartisan Infrastructure Law.

The awards are from the third Request for Proposals and are the fourth round of awards in the state. In total, Kentucky has now approved 48 fast charging stations from 11 developers for a total of $32.9 million in federal formula funds.

“The federal dollars coming to Kentucky are allowing us to invest in 21st century infrastructure that is supporting driver’s choices,” said Kentucky Transportation Cabinet Secretary Jim Gray. “That investment is quickly being realized. We’ll see more fast charging stations coming online soon, and we expect to have 50 stations open along Kentucky’s interstates and parkways by late 2026. It’s exciting to see this vital charging network take shape.”

This round of funding includes building charging stations in Bowling Green, Corinth, Hebron, Lexington, Louisville, Manchester, Morgantown, Oak Grove, Paducah, Sadieville and Williamsburg. Click here to see an updated list of all awarded sites.

Private developers must design, build, own, operate and maintain fast charging stations for five years after construction is complete. Each developer must fund at least 20% of the construction and operational costs. Each station must have at least four charging ports of 150 kilowatts each, be accessible to the public 24 hours a day/seven days a week, and work with most EV models.

In September, Gov. Beshear cut the ribbon on the first EV fast charging station in Kentucky – and the first in the southeastern U.S. – built with NEVI funds.

Kentucky’s 2024 Electric Vehicle Infrastructure Deployment Plan was approved by the Federal Highway Administration (FHWA) last month, which included about $15 million of the $70 million total NEVI program funding anticipated to be available for Kentucky to award. The state’s available funds to date for NEVI-funded stations total about $55 million. With the latest awards, $36.6 million in funding is still available.

The NEVI program funding is expected over a five-year period. Matching private funds from developers bring the total investment to nearly $87 million. Visit EVCharging.ky.gov for more information about the program.

Today’s announcement furthers the surging EV sector in the commonwealth since Gov. Beshear’s last announcement of funding in May 2024.  Since Gov. Beshear took office, the state has seen multiple major EV-related announcements with $11.7 billion in planned investments and more than 10,280 new full-time jobs anticipated. Major investments include Ford Motor Co. and SK On’s transformative $5.8 billion, 5,000-job BlueOval SK Battery Park in Hardin County; AESC‘s $2 billion, 2,000-job gigafactory project in Warren County; Toyota’s $1.3 billion investment in Scott County; and INFAC North America’s $53 million investment in Taylor County, among others.

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