U.S. Assemblyman jointly proposed to increase the funding for charging facilities to $85 billion

U.S. Assemblyman jointly proposed to increase the funding for charging facilities to $85 billion

According to foreign media sources, in the outline of the $3.5 trillion proposal announced on August 9, the ruling party in the U.S. Senate plans to allocate funds to electrify the federal fleet, including U.S. Postal Service vehicles. A group of 28 Democrats in the U.S. House of Representatives asked congressional leaders to provide 85 billion U.S. dollars in funding to build electric vehicle charging infrastructure and inspire the US charging station concept stocks together.This amount greatly exceeds the size of funds required by a bill previously submitted to Congress.

Representatives of parliamentarians said that increasing investment will help increase the availability of electricity for public utilities, thereby realizing the rapid deployment of charging facilities, increasing the supply of renewable energy, and improving the resilience of the grid in the face of climate change.

Including the chairman of the House Transportation Committee, Peter Defazio, said on Monday that if consumers are to adopt zero-emission vehicles at the scale and speed needed to avoid climate disasters, the rapid and extensive construction of the US government-supported electric vehicle charging infrastructure is essential.

Previous policy

Previously, the US government planned to allocate US$7.5 billion from the US$1 trillion in infrastructure construction funds to build US electric vehicle charging facilities.

Last week, Biden signed an executive order to set a new goal, that is, by 2030, 50% of new car sales in the United States will come from electric vehicles, a move that has won the support of major US car companies. A number of domestic and foreign auto companies have said that to achieve this goal, relevant US departments need to allocate billions of dollars.

Forecast of U.S. Charging Infrastructure Demand in 2030

Some media forecasts based on the growing demand for home, workplace, and public charging in the United States by 2030, including local market trends, evolving charging technologies and behaviors, family characteristics, and home charging availability. Charging analysis is also combined with bottom-up charging costs to estimate the related infrastructure investment needed to support the power transition.

A stable charging infrastructure is needed to support the transition to electric vehicles. In order to support the 26 million electric vehicles in the United States in 2030, public and workplace charging will need to grow from approximately 216,000 chargers in 2020 to 2.4 million in 2030, including 1.3 million workplaces and 900,000 Public level 2 and 180,000 DC fast chargers, public and workplace chargers need to increase by 27% every year, and an average of 200,000 chargers need to be added every year by 2026. By around 2027, this growing charging network will include 500,000 public chargers, a few years ahead of the Biden administration's 2030 goal.

The charging infrastructure network also needs to provide greater coverage for more drivers. Multi-unit housing will require about 1 million chargers to support apartment residents, and in many rural areas, as well as the Midwest and Southern regions, charging needs to grow at a higher rate. Low-income communities will need continuous investment, accounting for about 30% of charger and charging investment by 2030, to ensure fair infrastructure access.

Although most electric vehicle charging is conveniently done at night through household chargers, the investment required for public access to the charging infrastructure will be huge. From 2021 to 2030, public and workplace charger-related charging investment is 28 billion U.S. dollars, including 15 billion U.S. dollars in charger installation labor. DC fast chargers account for 7% of these chargers, provide 57% of the charging energy, and account for 66% of the cost. Therefore, it is necessary to install cheap and convenient home and workplace charging equipment. Public funds, public utility investments and other private companies are meeting short-term charging needs. Long-lasting long-term funding is needed, especially when investment is limited to 2020.

Concluding remarks

The US government is actively developing the electric vehicle and green energy industry, and expects that by 2030, the United States will achieve the goal of 50% of the total sales of electric vehicles in the United States.

At present, a series of bills to promote the development of the US electric vehicle market are steadily advancing, and the US government has not yet responded to the proposal to increase funding.

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