The funding represents the largest investment in American transportation infrastructure since the construction of the interstate highway system in the 1950s and 1960s.
The Rebuilding American Infrastructure with Sustainability and Equity program invests in community projects to build and renovate critical transportation infrastructure projects across the country.
Eligible projects include those that expand or establish new intercity passenger and high-speed rail service, improve the performance of existing service and/or replace or rehabilitate rail infrastructure.
One of the projects being funded involves untangling the railroad tracks from the roadways so that trains, pedestrians, bicyclists and vehicles can more easily move through the community.
The Treasury estimates that EV owners could save between $18,000 and $24,000 over a 15-year vehicle lifespan compared to gasoline vehicles, with fuel costs being the largest contributor to these savings.
The all-electric high-speed passenger rail system will transport travelers between the flagship station in Las Vegas and stations throughout Southern California.