HR1513

H.R. 1513, introduced February 21, 2025 by Rep. Wied (R-WI), would repeal two major grant programs from the Infrastructure Investment and Jobs Act: the NEVI Formula Program (~$5 billion) and the CFI Discretionary Grant Program (~$2.5 billion). The bill and its Senate companion S. 651 are both in early committee stages. The bill has 11 Republican cosponsors but no Democratic support, giving it a narrow partisan base. Action history shows referral to two committees (Transportation & Infrastructure; Energy & Commerce) and a subcommittee on Highways and Transit — standard early-stage procedural steps. The funding mechanism is critical: NEVI provides formula grants to state DOTs with 80% federal cost-share for DC fast charging stations along designated alternative fuel corridors. CFI provides competitive grants for community-based infrastructure. Neither program has been fully obligated, so repeal would rescind unobligated balances — the text explicitly rescinds unobligated amounts under the NEVI heading. Structural losers are pure-play charging companies whose business models depend on grant co-funding to achieve station-level economics. EVgo, ChargePoint, and Blink all have significant exposure to NEVI-corridor projects and CFI-awarded builds. Tesla faces a softer headwind: its Supercharger network is largely proprietary and self-funded, but slower overall charging infrastructure deployment from grant loss will reduce the EV adoption rate that drives Tesla vehicle sales. Tesla has also begun opening its network to non-Tesla EVs under federal compliance requirements. Real market data shows the charging sector has been volatile: over the past 30 days, EVgo is up 26.51%, ChargePoint up 44.57%, and Blink up 42%, driven by broader EV sentiment. However, the 7-day trend is negative for all three: EVgo -3.67%, CHPT -6.46%, BLNK -10.13%, and TSLA -0.25%, suggesting the reintroduction of legislative risk is being priced in. Current prices are well below 52-week highs — EVgo at $2.10 vs $5.18 high, CHPT at $6.52 vs $17.78 high, BLNK at $0.71 vs $2.65 high, TSLA at $372.80 vs $498.83 high — indicating the sector already carries significant policy uncertainty premium. Legislative timeline: The bill requires committee markup in both House T&I and Energy & Commerce, then House floor vote, then identical Senate passage. With a Republican House majority but only 11 GOP cosponsors and no Democratic support, the path is narrow. The companion Senate bill S. 651 raises the probability of eventual passage but still requires overcoming a 60-vote threshold in the Senate if filibustered. Passage in the 119th Congress is unlikely but not impossible if attached to a must-pass vehicle like a reconciliation bill or appropriations package.