The U.S. Departments of Transportation and Energy announced a nearly $5 billion investment over five years to build a national electric vehicle charging network. The aim is to eliminate the anxiety about mileage to promote the development of electric vehicles.This funding was included in last year’s infrastructure legislation and is shared among the states. These states may hire private companies to install and operate charging networks.
It’s estimated that there are about 41,000 public charging stations in the US. This number needs to expand rapidly, as roughly 24% of new vehicles sold by 2030 are likely to be fully electric. The U.S. is the world’s third-largest market for EVs behind China and Europe.The president wants 50 percent of all new vehicles sold to be electric or plug-in hybrid electric models by 2030 and to build 500,000 new electric vehicle charging stations. Biden also said:
- States should prioritize investments along interstate highways first.
- States should fund the construction of DC fast-charging stations, with each charger capable of charging four electric vehicles simultaneously.
- States should fund the construction of DC fast-charging stations, with each charger capable of charging four electric vehicles simultaneously.
- Federal funds will cover 80% of EV charging costs, with private or state funds making up the balance.
“We are modernizing America’s national highway system for drivers in cities large and small, towns and rural communities, to take advantage of the benefits of driving electric,” Energy Secretary Jennifer Granholm said in a statement. The government’s $5 billion for constructing electric vehicle charging stations is a historic investment, the largest of its kind. But it’s not nearly enough, and it still represents a fraction of the estimated $39 billion cost of building a public charging system by 2035.
Many savvy investors have taken notice of this promising market and are looking for solutions and equipment suppliers. SETEC POWER, a manufacturer of ev chargers with 18 years of export experience, has started to provide perfect solutions.
Container EV Charging System is ideal for deployment along highways. First, it does not require an extended period for the construction of supporting facilities and can be quickly deployed in large numbers so that you can seize the opportunity in the market competition. The container design to support transportation can be flexibly adjusted to the operation of each site, giving customers better. The modules with integrated energy storage can effectively reduce operating costs by supplementing power during off-peak hours. A different design can make your business more attractive to customers’ attention and facilitate promotion.
The development of electric vehicles has become a common choice worldwide, and it is also a new direction for investment for all. Please contact us if you are interested and want to learn more about the Container EV Charging System. We look forward to working with you to expand our business while working towards a sustainable future.
