Nxu Submits Application For Grant Funding Under California Energy Commission's National Electric Vehicle Infrastructure Formula Program
Portfolio Pulse from Benzinga Newsdesk
Nxu has applied for grant funding from the California Energy Commission's National Electric Vehicle Infrastructure Formula Program, aiming to secure a portion of the over $40 million allocated for the deployment of high-powered, direct-current fast charger electric vehicle charging infrastructure.
January 25, 2024 | 10:58 pm
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Nxu has applied for a grant to enhance its electric vehicle charging infrastructure, which could significantly benefit from the California Energy Commission's funding program.
Nxu's application for grant funding is a strategic move to expand its electric vehicle charging infrastructure. If successful, the grant could provide financial support for the deployment of high-powered chargers, potentially improving Nxu's market position in the EV infrastructure sector and leading to positive investor sentiment in the short term.
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