America has taken a huge leap towards reducing greenhouse gases in the US as President Biden allocates $2 trillion to the infrastructure plan. A huge chunk of this amount, approx $174 billion will go out to encourage people to switch to EVs. This includes subsidies and incentives to EV purchasers. President Biden is also putting part of this to support factories to retool and boost the supply of batteries. This may sound like the start of the culmination of the gas-powered vehicles but really, it is more than just the funds, it will take the whole village to materialize.
DRYCO is partnering with many property owners and managers throughout California to help make their parking lots more accessible to EV vehicles with charging stations. These charging stations are essential in helping EVs grow throughout the state.
The charger’s price will differ based on its level. Lower-level chargers take hours to recharge while the fast-chargers will only take approximately 10 minutes for an 80%-full battery. These higher-level chargers are what consumers are after. The future promises a better and time-saving experience through these new fast-chargers. However, charging companies are worried about the demand for EV chargers. According to the Energy Department last 2019, only 2% of the $17 million new vehicles are EVs and hybrid vehicles. Many are hoping that with President Biden’s ambitious infrastructure plan, the people and the factories will be encouraged to take the leap.
In an article featured in CNBC, the hope to decarbonize America by 2050 is discussed in detail through President Biden’s $2 trillion infrastructure plan. They wrote: “There aren’t enough EV drivers to make it a viable business yet, and building a network of chargers is far more complex than it sounds. It takes a mix of private-public partnerships that can involve local municipalities, businesses, and utility companies as well as automakers and an emerging group of EV charging companies. It’s not as simple as having a gas station at every corner.”