California to Spend $1.9 Billion More on Public EV Chargers as EV Sales Collapse

California Governor Gavin Newsom is pushing ahead with $1.9 billion in state spending on a public electric vehicle charging network as EV sales plummet. The state aims to build 40,000 chargers, compared to the just over 10,000 EV fast chargers it currently has. Should the state spend the allocated $1.7 billion out of the $1.9 billion on 30,000 chargers, each charger will cost nearly $60,000.