The Infrastructure Bill Encourages EV Charging Station Development
One of the primary aspects of the infrastructure bill that is being considered in the USA is the creation of programs that will encourage carbon emissions, including more electric vehicle (EV) ownership. While the obvious push towards tax savings or benefits for the driving of electric vehicles as the primary mode of transportation for the public is obvious, some of the more interesting aspects of the bill address more difficult to solve issues in the electric vehicle market. At the current time only 2% of the 17,000,000 new vehicles sold every year in the United States are electric, ultimately moving forward towards the goal of less about carbon emissions, but doing so at a slow pace. While Tesla has made great strides towards changing the public’s perception of what an electric vehicle can be, one of the main challenges for the entire market is still the availability of charging stations at convenient locations. Tesla has created their own network of super charging stations witch will deliver an 80% charge to the vehicle in less than half an hour, but the majority of charging stations within the United States are still far below this level. In order to build a level-three charging station at the current time, the cost of between $120,000 and $260,000 is the average. Couple this with the fact that the charging stations are expensive to maintain and operate, and we can see why a private industry has not moved faster towards the rollout of a significantly larger number of electric vehicle charging stations in the United States. There are simply too few people driving the cars to make it worth the investment, and the people are choosing gas powered vehicles because of the lack of investment. This vicious circle has created an issue that needs to be solved, and this a cooperation between government and private industry will be the only way to achieve the goal. There are only 41,000 electric vehicle charging stations in the United States, and only 5000 of those are fast chargers which can deliver the speed that the Tesla system does. When compared to the 136,400 gas stations, it is obvious why people are still shying away from electric vehicles.
Every technological advancement that can be worked into the electric vehicle charging system in order to improve profitability will ultimately move the industry closer to the goal of broader adoption. One of the main technological advancements that has proven successful in this regard is creating longer lived and more robust charging stations with industrial surge protection devices integrated into the systems. A major cost of ongoing operations in electric vehicle charging stations is the repair and replacement of equipment that has been damaged. The equipment is expensive, so any ability to extend the lifespan of it will help to improve the profitability that the station can produce. Surge protection devices from Raycap have proven to be highly effective in reducing the amount of damage as a result of power surges in critical infrastructure, and ultimately are playing a major role in the expansion of the EV charging industry as well.