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As part of the Bipartisan Infrastructure Law, the US is setting aside $7.5 billion to expand EV charging infrastructure. These funds will cover up to 80 percent of the cost of installing the charging stations. The rest will be covered by the states. However, these funds are only available if the 50 states agree to build the stations.
Bipartisan Infrastructure Law set aside $7.5 billion for EV charging infrastructure expansion
In the Bipartisan Infrastructure Law passed by Congress, President Obama committed to spending $7.5 billion to build a national EV charging infrastructure by 2030. Of that, $5 billion will be allocated to state programs over the next five years. Under the program, each state must submit a plan for EV charging infrastructure by August 1, 2022. The Joint Office of Energy and Transportation will then review and approve the plans.
The NEVI Formula Program provides funding to states and local governments for the expansion of EV charging infrastructure. The goal is to provide charging stations in every state. The federal government will support this effort by providing direct technical assistance to state agencies. These agencies will also review and approve state plans before they are approved.
EV charging costs made up of federal funds
As part of the Biden administration’s plan to reduce carbon emissions, the federal government is helping states build and install EV charging infrastructure. But these funds have a catch. The states have to prioritize the deployment of charging stations on their interstate highway systems. In addition, they must use nonproprietary EV chargers. It is unclear whether this goal can be met. However, the Alliance for Automotive Innovation tracks the number of public chargers across the U.S.
A number of factors determine the prices at charging stations. For example, energy rates are higher during certain hours of the day, and there are often demand charges that cover maintenance costs. This means that EV drivers that rely on public charging have limited flexibility. In addition, the cost per kilowatt-hour is typically five to 10 times higher than charging at home.
DC Fast Chargers should be available every 50 miles along interstate highways
Electric vehicles need a fast, convenient place to charge, and charging stations can help make that possible. Currently, there are barriers to electric vehicle adoption including the upfront costs, range anxiety, and long wait times. While the new plan addresses the first three barriers, it does not address the third, which is the wait time. A high-speed charger can take around 30 minutes to fully charge an electric vehicle, and the uncertainty around charging can discourage consumers from purchasing an electric vehicle.
The federal government will provide $5 billion in grant money to states over five years to install DC Fast Chargers along interstate highways. The amount of funding states can receive will depend on factors such as population and market share. The goal is to have at least four fast chargers on every 50 miles of interstate highway.
On-street charging companies like Connected Kerb will become important
With electric vehicle adoption growing so quickly in the US, on-street charging companies like Connected KerB are becoming more important than ever. The federal government is mandated to build charging stations along highway routes, but many states are opting for less expensive Level 2 chargers that take only a few hours to charge an electric vehicle. More than 80 percent of electric vehicle owners charge their vehicles at home, but many people in less developed areas don’t have access to garages. As a result, on-street charging companies will become even more important.
Connected Kerb offers four products: the Gecko charger, which can be mounted on existing bollards or parking posts. It is connected to an underground unit that monitors and controls the flow of data and electricity. This model looks most like a viable option for a large city like NYC. Connected Kerb also offers a seven-kW charger, the Armadillo, which is the company’s debut model. It is made of recycled materials and is touted as a kerbside charging station. Lastly, the Chameleon charger, which is similar to a bollard, does not require planning permission.