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Illustration: Annelise Capossela/Axios

A new initiative from a diverse array of groups from the Natural Resources Defense Council (NRDC) to the Edison Electric Institute and major automaker trade organizations is launching Wednesday.

What to watch: Its goal is to mobilize private capital and forge public-private partnerships to rapidly accelerate the deployment of electric vehicle charging stations and related infrastructure nationwide.

Why it matters: The group, known as the National EV Charging Initiative, counts among its members electrical workers who will help supply and install the infrastructure to power EVs as well as advocates who are focused on addressing racial, economic and environmental inequities.

Between the lines: The 24 signatories of the MOU include some strange bedfellows, including unions, electrical utilities and environmental groups that have sparred in the past over other issues.

  • They include the Alliance for Transportation Electrification, which counts GM, Ford and Honda among its members.
  • Also part of the new push is the Alliance for Automotive Innovation, which has on its membership roster BMW, Ford, Mazda, Nissan and Toyota, and the nonprofit group Veloz, which brings in PG&E, Uber and Lyft.
  • There's also The Coalition for Green Capital, Ceres, CALSTART, the California Electric Transportation Coalition, Environmental Defense Fund, Sierra Club, International Brotherhood of Electrical Workers, and Green Latinos, among other signatories.

How it works: The MOU acknowledges "the need for collaboration between policymakers at all levels of government, fleet owners, organized labor, electric utilities, and financiers in order to build out EV charging infrastructure."

  • According to Colleen Quinn, the founder and partner of eMobility Advisors, a public affairs firm that is spearheading the initiative on behalf of NRDC, the U.S. needs to mobilize both public and private funding to get to President Biden's goal of having 50% of vehicles sold in the U.S. in 2030 be electric vehicles.
  • The bipartisan infrastructure plan that passed the Senate on Tuesday includes $7.5 billion to fund the construction of EV charging stations.

What they're saying: "We're bringing the entire utility industry together, so you've got the manufacturing of the vehicles, you've also got, you know, basically the new, the new fueling providers, which is in the utility industry," Quinn told Axios.

Of note: The initiative has an environmental justice component, with member groups dedicated to bringing EV charging to areas that are more affected by pollution and to people who "spend a disproportionate share of their income on vehicle fuel and maintenance."

Yes, but: It's unclear how much money NRDC and other member groups will direct toward this effort to lobby federal and state governments, which will help determine whether this is successful.

Go deeper

Ben Geman, author of Generate
Nov 17, 2021 - Energy & Environment

Investors shower love on Rivian and Lucid

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Here are two numbers that say a lot about how investors view two key electric vehicle startups: $232,000 and $89 billion.

Driving the news: That's luxury EV startup Lucid Motors Q3 revenue and its market capitalization at yesterday's close of trading.

What the infrastructure bill means for Ohio

Illustration: Allie Carl/Axios

Ohio is poised to receive billions of dollars in federal funding through the bipartisan infrastructure bill President Biden signed Monday.

Why it matters: The surge of money will touch many aspects of daily life for Ohioans, funding roadwork, bridge repairs, water systems and broadband expansion, among other things.

Updated 46 seconds ago - Politics & Policy

New York AG alleges "significant evidence" of Trump Organization fraud

Combination images of former President Trump and New York State Attorney General Letitia James. Photo: Al Drago/Bloomberg via Getty Images; Scott Heins/Getty Images

New York's attorney general filed a motion Tuesday seeking to compel former President Trump and his two elder children to appear for sworn testimony in her office's civil investigation into the Trump Organization's financial dealings.

Why it matters: Attorney General Letitia James revealed new details in the court filing and a statement on her office's investigation into the Trump Organization's business practices, including a preliminary finding alleging the company used "fraudulent and misleading asset valuations to obtain economic benefits."