More Electric Vehicle Charging Stations Are Necessary

More Electric Vehicle Charging Stations Are Necessary

Read More: https://www.raycap.com/wp-content/uploads/EV-Charger-Global-Application-paper_EN.pdf

US President Joe Biden is pushing for an expanded adoption of electric vehicle technology by both the public as well as private industry, in order to significantly reduce carbon emissions in the United States.  As part of his two trillion-dollar infrastructure bill that is being debated in the government, he has provided tax incentives as well as rebates and government funding of programs that will attempt to sway more people’s decision to switch over from gas-powered to electric powered vehicles.  In the United States, the desire to have at least 500,000 electric vehicle charging stations installed throughout the country is the priority.  This would solve one of the issues that has proven to be a major factor in the decision-making process when people are choosing to purchase an electric car.  They perceive electric vehicles as being underpowered and difficult to charge, simply because it takes a long time to charge at their home and they cannot find universal charging stations conveniently.  There are 41,400 electric vehicle charging stations in the United States and fewer than 5000 of them are the type three fast charging type.  Compare this with more than 136,400 gas stations nationwide, and you can see how those who are considering switching from gas to electric powered vehicles are dissuaded by the ability to charge their vehicle when not at home.  Most existing electric vehicle charging stations are going to take more than an hour to charge the vehicle to 80%, which is perceived as being insufficient to create more customers.  These are many of the reasons that the electric vehicle market accounts for only 2% of the vehicles sold in the United States each year.  As Joe Biden and the government realizes, there must be a wider rollout of electric vehicle charging stations for there to be a wider adoption of electric vehicles by the public.  Although Tesla has made great strides in convincing the public that an electric vehicle can be everything that you wanted it to be, their network of charging stations is not universal, and only can charge Tesla vehicles.  This proves that there must be government cooperation with private industry in order to facilitate more of an installation incentive.  The level-three chargers will cost nearly $250,000 to be installed, and one service in less than 2% of the vehicles on the road the profit margin seems difficult to justify the price.  While the infrastructure bill is making it more attractive for private businesses to become involved in the market, there needs to be more done to bring down the costs of both installation and ongoing operation in order to push the industry forward. Raycap is doing its part with the creation of technologically advanced surge protection devices which when installed within the footprint of electric vehicle charging stations can reduce the ongoing operational costs.  This is done through the avoidance of ongoing expected damage as a result of power surges and lightning strike surge activity.  Through this multipronged attack on the disadvantages of electric vehicle operation and profitability of charging stations, the goal of 500,000 by 2030 is possible.

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