US government to underwrite $4.5 billion charging infrastructure loans

Over the years the US government has loaned billions of dollars to the electric car industry, with a varying degree of success, however the announcement of plans to underwrite $4.5 billion of charging infrastructure loans is a massive step forward. This will allow for the roll-out of more charging stations across the US which would no doubt increase the number of electric cars on the road due to reduced range anxiety issues.

Is this the push that the US electric car market has been waiting for? Will this prompt similar moves in Europe?

About time too!