Corporate America wants EV infrastructure
- Jul 15, 2021 5:29 pm GMT
In a letter to congress, The Corporate Electric Vehicle Alliance has pleaded for increased government spending on electric vehicle infrastructure. Specifically, they’ve proposed the development of an investment tax credit or point of sale program to incentivize electric medium and heavy duty vehicles. The letter has a number of signees, including companies like Amazon, DHL, and AT&T.
While commentators have been making noise about an eminent EV revolution for some time now, it seems like it now could really be here. Biden proposed $173 billion for EV infrastructure in the recovery bill, only to be countered by a $4 billion offer from Republicans. However, corporate pressure like this could convince legislators to spend liberally on the EV cause.
As cool as I think EV’s are, I worry utilities are unprepared for the potential demand spike they pose. As it stands now, power companies around the country are struggling to meet demand: California every summer, the North West this summer, Texas last february. Meanwhile, trustworth nuclear power plants and coal plants are being traded in for finicky renewables. These seem like important complications that should be addressed sooner rather than later.
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