The Infrastructure Investment and Jobs Act^[1] — also referred to as the Bipartisan Infrastructure Package — was signed into law by President Joe Biden on Nov. 15, 2021. The bill contains $1.2 trillion in total funding ($550 billion of which is new spending) for various infrastructure purposes, including roads and bridges, broadband, drinking water resources, airports, electrical vehicles, and more. In this brief, analysts at The Council of State Governments break down the $73 billion in funding allocated for power grids and utilities improvements and the $12.5 billion for electric vehicle chargers and buses, through the lens of state needs. Power grid and utility improvements are tied as the third largest funding source in the bill.

The Congressional Budget Office estimates the bill will add a total of $256 billion to the national deficit. While it is difficult to know the full macroeconomic effects of the bill, Moody’s Analytics provides estimates of the effects on employment and the gross domestic product by the infrastructure package.

Download Analysis for States – Power Grids, Utilities and Electric Vehicles

^[1] Also commonly known as the “Bipartisan Infrastructure Framework.”