The National Electric Vehicle Infrastructure (NEVI) Formula Program, a program established and funded by President Joe Biden's Bipartisan Infrastructure Law, has approved more than $1.5 billion in funding for the fiscal years 2022 and 2023 to build electric vehicle (EV) chargers across the United States. This funding encourages a fast pace of infrastructure implementation and attracts an influx of new players to the electric vehicle charging space. As the adoption of EVs continue to increase and infrastructure is developed, both federal and state regulators are emphasizing the importance of prioritizing consumer privacy and security.