The project will promote smart charging technology to better manage the efficiency, availability and reliability of power, especially during peak times and at popular charging locations.

The grant will help reduce the current costs of EV chargers by 50% over the next three years and to support the adoption and deployment of EVs.

Eaton Electrical Transportation Infrastructure business unit manager John Wirtz said smart charging technology will provide more options to consumers and strengthen the charging infrastructure and the electric grid.

"By providing real-time monitoring and reporting, Eaton’s participation in this project will help EV fleet managers, businesses and power companies to increase system uptime, reduce energy costs and maximize the reliability of their chargers," Wirtz said.

Two of the four selected projects receiving federal funding will focus on improving residential EV chargers.

The other two selected projects, including Eaton’s, will focus on alternating current Level 2 charging stations used at commercial and public locations to charge large numbers of vehicles, such as commercial fleets of delivery vehicles.