White House says companies investing $700 million to boost EV charger production

The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers - actions set to add at least 2,000 jobs and make charging more accessible and affordable.

The investments include $450 million earmarked by Volkswagen unit Electrify America and more than $250 million by Siemens to expand its Grand Prairie, Texas and Ponoma, California EV charger plants.

FLO, an EV charging network operator, is also investing $3 million in its first U.S. assembly plant in Auburn Hills, Michigan.