The Electric Car News latest news on Electric Vehicles

Infrastructure Investment and Jobs act: How will you be afected?

16381177571446


The most ambitious spending budget in the renewal of transportation, communication between communities, and the power grid is ready to take action.

However, this is how the Infrastructure Investment and Jobs Act will benefit and affect you.

On November 15 President Joe Biden signed into law the Infrastructure Investment and Jobs Act. A $1.2 trillion budget, including $550 billion in new spending will fund roads, bridges, airports, ports, waterways, public transit, electric vehicles, power grid, broadband, water, environmental resiliency, and environmental remediation for the next decade.

A once-in-a-generation spending measure

Biden described the new bill as a “monumental step forward as a nation,” and “a once-in-a-generation investment that’s going to create millions of jobs modernizing infrastructure.”

Benefits according to the White House

The fact sheet published by the White House for the Infrastructure Investment and Jobs Act included the next benefits, besides the most obvious points.

Deliver clean water to all American families and eliminate the nation’s lead service lines

The information presented by the Biden Administration states that this initiative will benefit 10 million American households and 400,000 schools and child care centers that don’t have access to clean drinking water.

Make the larger investments in passenger rail since Amtrak

Invest $66 billion in additional rail funding to create safe, efficient and climate-friendly transportation.

Build a national network of electric vehicle chargers

Building a network of 500,000 EV chargers around the country investing $7.5 billion.

Resilient infrastructure against impacts of climate change and cyber-attacks

The US Government will invest $50 million to protect floods, wildfires, and droughts. This legislation is “the largest investment in the resilience of the physical and natural system in American history.”

How will this affect you?

When there’s a massive increase in spending, it is likely to have internal impacts on labor demands or supply chains.

The IIJA will create millions of jobs. However, it’ll demand more workers on all three levels of government and they’ll need to be ready.

Human resources departments will need to grow with talent acquisition agencies to make the hiring process efficient.

Modernizing processes is also a crucial part. As we said before, efficiency becomes the best ally to keep on track ambitious spending plans.

There will be more competition to supply construction materials. Currently, the global supply chains are under stress, the lack of preparation (suppliers, government) could generate a shortage of materials or goods.





Read More: Infrastructure Investment and Jobs act: How will you be afected?

0 Comments

No Comment.