Claims of an Electric Vehicle Charging Shortage are a Myth
David T. Stevenson, Director |
4/23/2021
President Biden wants to build 500,000 new electric vehicle (EV) charging stations by 2030 using government subsidies to fill an imaginary shortage. We urge the federal government to allow markets to work and to stay out of subsidizing EV chargers. We don't need to add to the federal deficit chasing a myth.
Empty EV charging stations are a common occurrence. National reports show utilization rates of just 2% for fast chargers commonly used at public charging stations, with certain highly utilized stations reaching 20%.
The free market is working to supply charging infrastructure. We certainly don't need more federal subsidies or added electric costs to low-income families paying for chargers for the wealthy.
This result is not unexpected when the same National Renewable Energy Laboratory (NREL) report estimates 88% to 95% of the charging occurs at home and work.
Time of use electricity rates encourages home charging with costs ranging from $0.05 cents to $0.10 cents per kilowatt-hour, while public charging costs $0.25 cents per kilowatt-hour. CLICK BELOW TO READ MORE.
The Caesar Rodney Institute is Delaware's Only General Public Policy Organization Committed to Protecting Individual Liberties and Preserving Fiscally Responsible and Efficient Government for the Common Good.