Elon Musk's decision to gut Tesla's electric-vehicle charging team is scrambling plans for rolling out new fast-charging stations and may delay President Joe Biden's efforts to electrify U.S. highways. Last year, the Biden administration announced rules for an ambitious plan to expand the country's charging infrastructure and jump-start EV adoption. Under the National Electric Vehicle Infrastructure (NEVI) program, the government is doling out $5 billion to states over five years to build 500,000 EV chargers.
CEO Elon Musk says the electric-vehicle company will be spending “well over” $500 million to expand its Supercharger network.
Three time-tested businesses have the necessary catalysts to blow past electric-vehicle (EV) maker Tesla by 2026.