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Impacts and investment opportunities arising from the US charging post policy

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Impacts and investment opportunities arising from the US charging post policy

On Wednesday, EST, the Biden administration issued final rules requiring federally funded electric vehicle charging posts to be manufactured in the U.S. EV regulations also require that 55% of the cost of charging posts need to come from U.S. parts starting in July 2024, while Tesla Inc. will open charging services to other vehicle models.


The Biden administration hopes that the new regulations will drive a new landscape for the US electric vehicle charging network, seeking to give consumers unrestricted access to the still-expanding network of electric vehicle charging stations across the US, including Tesla's Superchargers.


The new rules require companies that use federal funds to build charging stations to adopt the Combined Charging System (CCS), the main charging connector standard in the US.


on board charger.jpg

The Biden administration said that Tesla, the largest electric vehicle manufacturer and charging company in the United States, plans to adopt the CCS standard and expand its offerings beyond proprietary connectors.


The nationwide network of electric vehicle charging stations is a central part of Biden's plan to combat climate change, as he plans to convert 50 percent of new U.S. vehicles to electric vehicles by 2030 and plans to install 500,000 electric vehicle charging posts across the country in the next few years. Advocates argue that the lack of electric vehicle charging stations on US roads is a significant drag on the growth of electric vehicle sales and positive environmental impact.


In response to plans for charging posts to be manufactured on US soil, the manufacturers involved warned ahead of the new regulations that prematurely requiring the localization of components could inhibit the expansion of charging networks.


In comments to the US Department of Transportation, US states and companies warned that global demand for on board charger is putting pressure on the supply chain, making it difficult to meet US manufacturing standards and accelerate the construction of new charging posts.

US White House National Climate Advisor Ali Zaidi said that under the Biden administration, the number of electric vehicle models offered to consumers has doubled, as has the number of charging stations and sales of electric vehicles.


Pub Time : 2023-04-20 14:42:17 >> News list
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