Don’t be surprised if you see electric vehicle charging stations popping up along the highways in your hometown.
All 50 states have now received final federal approval to begin construction on the first-ever nationwide network of electric vehicle charging stations.
Under the plan, an EV charging station will be erected roughly every 50 miles along interstate highways.
It’s all part of the Biden administration’s plan to inspire car buyers to go electric in the next decade.
The U.S. Department of Transportation (DOT) announced that it has approved EV charger plans from a remaining list of 17 states.
That fact triggered the release of $1.5 billion in federal funds to all jurisdictions across the nation. That’s a whopping $5 billion over five years to install (or upgrade) EV chargers along 75,000 miles of highway from the East Coast to the West Coast.
The goal is to have 500,000 EV chargers nationwide.
Plans for the other 33 states and the District of Columbia had already been approved.
That means that by the end of this year you could start noticing the expansions and upgrades to existing highway electric vehicle charging stations in places like Texas, California, and Missouri, just to name a few states.
Many of these states already have at least four fast-charger ports that allow electric vehicles to fully recharge in about an hour.
“America led the original automotive revolution in the last century, and … we’re poised to lead in the 21st century with electric vehicles,” said Transportation Secretary Pete Buttigieg. He said the plans will “help ensure that Americans in every part of the country – from the largest cities to the most rural communities – can be positioned to unlock the savings and benefits of electric vehicles.”
All of this means that construction of new electric vehicle charging stations could begin by spring of 2023.
Approval of charging stations is a big step toward widespread acceptance and use of electric vehicles among consumers.
President Joe Biden has set a goal that 50 percent of new U.S. car sales to be electric by 2030.
And he’s also touting a fresh round of tax credits next year of up to $7,500 in order to make electric vehicles accessible to every U.S. citizen.
Texas, Florida, and California have said their grids should be able to handle the increased capacity of a million or more EVs. Other states are still working on their own plans.
Most of the major car companies have said they are moving toward an all-electric future.
Thanks to better batteries EVs – especially luxury EVs – have a bigger range than ever before.
One good reason to buy an EV is future value calculation. That calculation is moving decidedly in favor of luxury EVs, especially as demand for gasoline-powered vehicles shrinks, according to Bloomberg media.
The media outlet pointed out that car manufacturers have spent the past year or two announcing plans for electric vehicle models and production facilities.
So, is this the time to go with an EV? Here are some reasons you may want to consider.
Car manufacturers are launching their higher-end models first, so the selection is better at the top end and prices are surprisingly reasonable, according to media reports. Luxury manufacturers have received the message from investors that they’ll be rewarded for hastening the transition to electric vehicles, while profits from gasoline-powered vehicles will serve mostly to fund those types of investments.
We already mentioned the new round of incentives of $7,500 a vehicle or more. This is more than enough reason for many buyers to act now. Who knows how long it will last?
To sum it up, a combination of increased range, lower prices, incentives, and more charging make now a great time to start considering buying an EV.
There’s no better time to buy an EV than now that electric vehicle charging stations have been approved nationwide. Check out our latest EV inventory below.