President Biden Hopes to install 500,000 Additional Electric Vehicle Chargers by 2030.
Lack of charging infrastructure is one of the most significant obstacles to Electric Vehicle possession. By 2030, the US could have 35 million Electric Vehicles, requiring millions of plugs where there are only 100,000 in the world. More plugs will do wonders for a market shift to EVs, but it’s not always easy to attract businesses to create them. More than half of the drivers have a favorable opinion of EVs, but 64 percent state that inadequate charging facilities prohibit them from making a change. Of those looking to purchase a car in the next five years, 64 percent said that inadequate charging facilities would discourage them from choosing an EV, while a restricted driving range or “range fear” was the explanation for another 62 percent.
On the other hand, President Biden is hoping to install 500,000 additional electric vehicle chargers by 2030. With ambitions to reduce the nation’s carbon emissions by 2050, Joe Biden could easily be the greenest president in American history. But meeting such a glamorous target would require a lot of effort in far more boring ways, such as finding adequate space to charge an increasingly fleet of electric cars. President Biden has vowed to create 500,000 additional plugs over the next decade in an attempt to minimize pollution from highways that are already the single largest source of carbon emissions. To get there-and to achieve fully electric future-five analysts and business leaders say that the nation will need an ambitious energy strategy and a variety of green policies to go along with it.
The Brattle company, an economics consultancy, is projecting that the number of EVs in the US can exceed 35 million by 2030, needing more than 2 million public chargers. With such a surge on the horizon, charging operators are enthusiastic about the possibility of a multi-billion-dollar federal investment in charging infrastructure that could boost the EV transformation that is still underway. Biden has also vowed to turn the entire national government fleet – around 650,000 buses to electricity and has promised that any US-made bus will be battery operated by 2030. Charging businesses expect that the new zero-emission-vehicle tax credit is also on the horizon. But Biden’s plan—and, potentially, some Legislative action—could take many forms. Industry executives and policy analysts remain split about how best to make this possible.
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