While the federal government’s pause of the $5 billion National Electric Vehicle Infrastructure (NEVI) grant program has caused concern across the electric vehicle industry, Minnesota and other regions are proving that EV progress is far from stalled. In Minnesota alone, EV adoption continues to grow steadily, with more than 65,000 electric vehicles now on the road and public charging stations expanding rapidly. Since 2022, fast-charging ports in the state have more than doubled, supported by a mix of private investment, utility programs, and local government efforts.

Much of the EV charging experience also happens at home—like plugging in a phone overnight—minimizing the impact of limited public charging access for most drivers. With over 60,000 home chargers across Minnesota and around 2,300 public ports, infrastructure continues to scale even without full federal backing. However, challenges remain for renters and apartment dwellers, prompting the launch of new state and utility programs focused on equity in charging access.

Meanwhile, private-sector momentum is building nationwide, with companies like Volvo Trucks North America and Greenlane expanding high-capacity charging access for electric fleets. Their partnership will give truck drivers access to Greenlane’s expanding network, beginning with a flagship charging site in Colton, California, featuring 40 chargers for light- to heavy-duty vehicles. This move follows Greenlane’s larger vision of building a 280-mile charging corridor along Interstate 15, with more stations planned in Long Beach, Barstow, and Baker.

These developments show that while federal funding plays a role, the EV transition is increasingly being driven by private capital, industry partnerships, and local action. The long-term potential for electric vehicles remains strong, and as demand grows, so does the opportunity for investors to support and benefit from the expansion of EV infrastructure.

Now is a crucial time to invest in EV charging stations—because the market isn’t slowing down, and the private sector is leading the way.