The U.S. Government Will Invest $4.5 Billion to Build Electric-Car Charging Stations For Anxiety-Free Driving
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.
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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Owen Castellanos
Owen Castellanos is the Hardware & Gaming Reporter at TrendinTech, where he tests graphics cards, processors, consoles and peripherals and follows the games industry, from the major publishers to independent studios. He previously wrote reviews and benchmarks for Tom's Hardware and contributed features to PC Gamer, covering everything from laptop testing to the economics of game development. Owen holds a Bachelor of Science in Electrical Engineering from the University of Texas at Austin and attends CES in Las Vegas, Computex in Taipei and the Game Developers Conference in San Francisco each year to meet chipmakers and developers. He writes for readers who want to know whether a product is worth the money, and he is not shy about saying when it is not.
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