Pete Buttigieg

would be EVs.

Now, in order to have that work well, we're going to need more chargers.

Now, in order to have that work well, we're going to need more chargers.

The market does a good job of delivering chargers in a lot of places, but there are other places where we found it was lower income or it was more rural, it was more spread out, and it just wasn't going to pencil for the private sector to do it, right?

The market does a good job of delivering chargers in a lot of places, but there are other places where we found it was lower income or it was more rural, it was more spread out, and it just wasn't going to pencil for the private sector to do it, right?

So, we had a fund called NEVI.

So, we had a fund called NEVI.

I can't remember what the acronym was, but

I can't remember what the acronym was, but

The point was, it was, like you said, about $7 billion to buy down the difference, to subsidize or just outright build those chargers in places where they were needed.

The point was, it was, like you said, about $7 billion to buy down the difference, to subsidize or just outright build those chargers in places where they were needed.

And we made a couple of choices.

And we made a couple of choices.

that we knew would mean that it would take longer, but we were okay with that.

that we knew would mean that it would take longer, but we were okay with that.

One of them was to have it led by the states.

One of them was to have it led by the states.

So instead of sitting there in Washington saying where all the chargers ought to be built, we send the funding to the states, we let them set up their own program.

So instead of sitting there in Washington saying where all the chargers ought to be built, we send the funding to the states, we let them set up their own program.

And importantly, we let them set up their own programs differently.