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America’s Charging Future
Building an inclusive charging infrastructure to make electric cars more practical for everyone.
An April 22nd, 2022 study by McKensey, “Building the electric-vehicle charging infrastructure America needs,” provides a detailed look at government funding programs, charging use cases and the business models required to support a growing demand of electric vehicles in all demographic categories.
The Bipartisan Infrastructure Law (BIL), passed in late 2020, provides $7.5 billion to develop the country’s EV-charging infrastructure. The goal is to install 500,000 public chargers — publicly accessible charging stations compatible with all vehicles and technologies — nationwide by 2030.
However, even the addition of half a million public chargers could be far from enough. In a scenario in which half of all vehicles sold are zero-emission vehicles (ZEVs) by 2030 — in line with federal targets — they estimate that America would require 1.2 million public EV chargers and 28 million private EV chargers by that year.
The need for charging infrastructure is only likely to grow as the number of EVs on the road increases. Investing in charging infrastructure now will help ensure that America is ready for the mass adoption of EVs.
