According to a recent Bloomberg report, electric vehicles will make up 54% of new car sales worldwide by 2040. But while the benefits of owning an electric vehicle are fairly well-known, those who have made the switch often find that vehicle charging stations may be a bit difficult to come by. That’s why, according to the U.S. Department of Energy, more than 80% of all EV charging takes place at home. However, that could change in the coming years — particularly in the three different U.S. states that are making a substantial investment in EV charging solutions beyond residential options.
Improving charging infrastructure statewide
California, New York, and New Jersey will designate $1.3 billion total to improve electric vehicle charging infrastructure in their states. In the Golden State, up to $738 million worth of projects will be set into motion over the next five years. Southern California Edison and the Pacific Gas and Electric Company will devote a substantial portion to building 1,500 EV charging solutions throughout the state for medium- and heavy-duty vehicles, while PG&E will spend several millions more to build more than 230 fast-charging stations at another 50 different sites across the state. San Diego Gas and Electric will also spend $137 million on its Residential Charging Program to offer rebates to customers who want to install EV stations at home.
The Empire State has pledged a huge sum of money to similar causes. New York will spend up to $250 million through 2025 to expand its existing EV initiative and install up to 200 fast chargers in key areas throughout the state. They’ve made it their goal to install these EV charging solutions every 30 miles and add more of them to urban areas, including ones in close proximity to JFK and LaGuardia Airports. The Garden State is also making EV charging infrastructure a priority, pledging $300 million to construct up to 50,000 charging stations in residential areas, at workplaces, and along highways.
With more states to follow suit
Although these advancements are currently limited to these three states, experts believe that their actions could lead to more widespread changes throughout the country. The emphasis on EV charging infrastructure could influence other states to follow suit, suggests Karl Brauer, executive publisher of Autotrader and Kelley Blue Book, to TheVerge.com:
“We’re going to see a series of all-new electric vehicles hit showrooms over the next two years… If states like California, New Jersey, and New York can support these new EVs with an expanded charging infrastructure the combination could, finally, push electric cars beyond the niche status they’ve been stuck in for over two decades.”
It seems that these three states’ devotion to renewable energy resources and trendy auto options could lead the way in convincing others to improve on charging accessibility. Individual property owners can be part of that movement on a smaller scale, as well. That starts by prioritizing the installation of EV charging stations to benefit your residents or employees. To find out more about what this process entails and the benefits of installing an electric car charger on your property, please get in touch with us today.