The electric car industry gets another boost with help from The Obama Administration as a pledge is given to invest up to $4.5 billion into building more electric car charging stations across the nation. This is in a bid to both promote the sale and use of electric vehicles as well as calming those existing electric car owners by offering multiple, local charging stations that are easily accessible. No longer will electric car owners have to worry whether they have enough battery power to last as will be able to ‘charge up’ along their journey in a similar fashion to gas stations now.
Following on from the initiative, the Energy Department loan guarantees will be promoted to support the funding of the installation of the charging stations as well promote the using of electric vehicles. As U.S. fuel economy standards become more strict. Auto manufacturers realize there is of course big money to be made here, and Ford alone are investing $4.5 billion into adding 13 electric vehicles to its existing stock by 2020.
Currently, the average electric car takes around six to eight hours to charge on a standard charge, which is quite clearly not going to be practical for the consumer market. But, the network will consist of fast-charging electric stations which are looking to cut this time sown to just under half an hour.
Big electric companies are also getting on board including, Berkshire Hathaway Energy Co., Consolidated Edison Inc., Duke Energy Corp. and Southern California Edison Co. The last of which is currently testing a pilot program that will install 1500 charging stations in Southern California.
So, rest assured if you are an electric car owner than soon no longer will you need to worry if you are going to make it home from work on the charge you have and can simply drive to a convenient charging location and charge her up! And, if you are not already an electric car owner, then what more excuse do you need?
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