How Government Is Aiding In EV Development
Emerging industries will usually rely on the government for assistance to a certain degree, especially if that industry is beneficial to the whole of society. Over the course of the last 30 years there’s been a push to create more solutions that will reduce carbon emissions in the United States, one of the primary aspects of this being gas-powered vehicles. The push of environmentalists for a wider spread adoption on the public’s part of electric vehicles (EV) has run into stumbling blocks and slow adoption because of the general perception of the vehicles as being impractical. For many years electric vehicles were viewed as being underpowered and not stylish, as well as being ineffective at traveling long distances due to low battery capacities and a lack of convenient charging stations outside of the home. In order to charge your car at home it will take several hours, and the universal charging station network in the United States overwhelmingly features chargers that will take more than an hour to deliver an 80% charge. This is proven to be problematic for wider spread adoption of electric vehicles as a whole. Tesla has made strides to impact wider adoption of their products, but this has not improved the market in general because the Tesla network of superchargers is specific for Tesla vehicles. In order to push American ownership of electric vehicles past the 2% mark, more fast charging stations need to be built. Private industry is slow to build new stations due to their expense when compared to the amount of people utilizing electric vehicles and general. The cost of a new level three charging station that can deliver an 80% charge in under ½ hour is nearly ¼ million dollars, and the ongoing operations are expensive because of potential equipment damage. The expensive equipment utilized in the process is easily damaged by lightning strikes and power surges, as the footprint of these faster chargers needs to be expanded. A wider footprint means more possibility of damage as a result of lightning strikes to the area, and this and other issues ultimately hinders private industry from making investments necessary due to potential profitability issues. Through government incentives that are baked into the two trillion dollar infrastructure bill making its way through Congress, as well as ongoing improvements to the technological aspects of the process, it is with high hopes that projections of more than 500,000 electric vehicle charging stations could be installed in the United States by 2030. If this goal is to be accomplished, a major impact on climate change could be achieved. One of the ways that private industry is assisting in this process is through the development of higher-level surge protection devices which can be integrated into the systems in order to protect the equipment when power surges happen. Raycap has developed the most technologically advanced surge protection devices in the world and is playing a significant role for is the expansion of electric vehicle market as a result.