Currently in the US, there are fewer than 46,000 EV public charging sites in comparison, 150,000 gasoline fueling stations—and with changes to energy infrastructure on the horizon for the US, you need to keep up-to-date with changes in EV charging infrastructure in the US in 2022.
What to Know About EV Charging infrastructure in the US
Accelerating the transition to electric vehicles (EV) will significantly impact the rate of GHG (greenhouse gas) emissions. However, infrastructure growth is a major roadblock for drivers who have no confidence the charging network is available to conveniently charge and freely travel.
We only have 11 years to prevent irreversible damage caused by fossil fuels, according to climate change speakers. Transportation is the largest contributor to the 36.44 billion metric tonnes of global carbon emissions in recent years.
The Latest EV Charging Infrastructure Report
The EV infrastructure dilemma is a chicken and egg situation. The fewer electric vehicles on the road, the more charging companies must economize charging deployment to yield a profit.
Together with high startup costs, this can challenge EV companies to make the business case for investing in the additional infrastructure. Fewer charging stations and high charge rates further discourage drivers from transposing from gasoline to EV.
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Federal incentives are necessary for developing America’s EV charging infrastructure to make the transition to electric vehicles more appealing and achieve the federal target of net-zero emissions by 2050.
The Bipartisan Infrastructure Law sees $7.5 billion invested into the nation’s EV charging infrastructure, with the development of 500,000 EV charging stations across the United States
By 2030, Americans will be able to ‘charge and go’ even for long-distance travel. Biden’s ambitious goal is for 50% of all new vehicle sales to be electric by 2030.
To help reduce upfront costs, ease buyer anxiety and support America’s economy, the new legislation aims to implement 30% tax credits for hosting charging stations.
For example, an Alaskan utility will receive a grant for the percentage of the cost to install Level 2 chargers, making EVs more affordable for startups. This can lead to the accumulation of better-paid jobs for laborers and maintenance of the new charging networks.
What the Infrastructure Bill Means for EV Charging Infrastructure in the US
The infrastructure bill authorizes $550 billion in new spending for the EV sector. The measure removes roadblocks to wider adoption, improves charging accessibility and gives eco-conscious Americans the freedom to work and explore their nation.
$7.5 billion is allocated to developing a nationwide network of EV charging stations to fuel wider electric vehicle adoption and promote nationwide travel.
EV infrastructure and its technologies will see substantial upgrades while the Department of Energy’s new proposal aims to improve the affordability of a robust EV infrastructure. This will make electric vehicles a more economical and reliable option for drivers of all income levels and geographic locations.
More electric vehicles on the road, and greater advancements in charging technology, opens up opportunities for profitable growth for EV charging companies and their hosts.
The Infrastructure Investment and Jobs Act will open up millions of jobs for the surging market from maintenance to project managers. Policies will also provide resources to help local businesses and communities invest in upskilling their new wave of workforce and provide increased support for the renewable energy sector.
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$5 billion will be donated to local governments and nonprofits, such as school transportation, and $65 billion will be invested into renewable energy for the electricity grid, thus creating a more reliable clean energy resource.
The Largest EV Charging Networks in the US
Now you might be wondering who the biggest players in EV charging infrastructure are, since we know changes are coming. The biggest names in the field are as follows:
Electrify America is the largest DC charging network in the States and is the fastest in the country, providing up to 350kW per hour. In comparison, Lucid Air provides 300kW.
Tesla is similar in size to Electrify America but only accessible to Tesla models. They offer seamless charging by preserving your credit card information, a much simpler charging experience than gasoline.
EVgo offers the best charging station coverage in towns, although charge is slower at around an hour to charge to 80%.
ChargePoint is one of the largest charging networks in the USA. With fewer DC fast chargers. ChargePoint stations usually appear in businesses, hotels and stores.
The Future of EV Charging Infrastructure
| “EV sales have doubled since (Biden) took office, and there are now more than two million EVs and 100,000 chargers on the road. The Biden Administration has positioned the United States to lead the electric future and make it in America.” Source: The White House |
The EV charging industry has already seen tremendous growth, accelerating dramatically by 2030 thanks to federal investment. The Build Back Better Act aims to boost EV infrastructure long-term by extending access to tax credits.
The EV fleet will expand from 3 million in 2022 to over 48 million by 2030 if the government’s sales target is met, making 15% of all vehicles on the road electric.
The future of EV charging infrastructure is looking more sustainable, meeting the needs of drivers, creating new career opportunities and a fruitful business model for charging companies. Drivers buying anxiety lessens as the number of charging stations increases in the locations where they are required most.
Take the Stress Out of Maintaining Your EV Charging Infrastructure With 60Hertz Energy
With the surge in government support for EV charging infrastructure, now’s the time to get into the field. If you’re worried about maintenance of your new project, however, 60Hertz has you covered, with specific forms for tasks like asset inspections and work orders.
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