Up to $4.5 Billion in Loan Guarantees for Charging,
Dozens of OEMs, Utilities, Government Groups Joining
Together to Support ‘An Unprecedented Set of Actions’
The Obama Administration is maintaining its support for electric vehicles with gusto, detailing yesterday a plan for as much as $4.5 billion in loan guarantees to support the commercial-scale deployment of innovative electric vehicle charging facilities.
“An unprecedented set of actions,” the White House says, on the part of government and the private sector, constitutes “a new framework for collaboration for vehicle manufacturers, electric utilities, electric vehicle charging companies, and states, all geared towards accelerating the deployment of electric vehicle charging infrastructure and putting more electric vehicles on the road.”
“In the past eight years,” the White House says, “the number of plug-in electric vehicle models increased from one to more than 20, battery costs have decreased 70%, and we have increased the number of electric vehicle charging stations from less than 500 in 2008 to more than 16,000 today – a 40-fold increase.”
A New Set of Guiding Principles
Now, nearly 50 organizations are signing on to a set of Guiding Principles to Promote Electric Vehicles and Charging Infrastructure behind an agreement forged by the by the White House in partnership with the federal Departments of Energy Transportation, the U.S. EPA and the Air Force and Army.
The White House specifically mentions the EVSE/electric vehicle supply equipment companies ChargePoint and EVgo.
$20 Million from ChargePoint
“Today’s White House announcement demonstrates that our nation’s leadership understands that the future of transportation in this country is electric,” ChargePoint Pasquale Romano told F&F in an email statement. “We support this vision and believe that we need a network of charging stations in our communities and alongside our nation’s interstate highways.
“That’s why we’re committing to investing $20 million for the development and deployment of this network,” Romano said.
“ChargePoint,” the White House said, “operates the largest and most open EV charging network in the world, with more than 30,000 total charging spots and over 330 DC fast charging locations.”
‘We Are Already Seeing a Shift’
“We are already seeing a shift toward electric vehicles throughout the auto industry – and public leadership in combination with sustained private investment in high-speed charging infrastructure are both critical to ensure that this transition is successful,” said Reuben Munger, managing director of Vision Ridge, which acquired the NRG EVgo EVSE business last month.
“EVgo is uniquely positioned to build the transportation infrastructure of the future,” Munger said.
“EVgo,” says the White House, “commits to invest $100 million in EV infrastructure over the next 5 years to expand its nation-leading charging network.
“This investment will focus on providing customers with access to high-speed charging at charging rates significantly faster than what is available on the market today.”
The Obama Administration wants to
- Drive the market transformation to electric vehicles by making it easy for consumers to charge their vehicles with grid-connected infrastructure that is accessible, affordable, available and reliable, and interconnected with other low-carbon transportation options where feasible;
- Promote electric vehicle adoption by increasing access to charging infrastructure and supporting the development of plug-in electric vehicles that are as accessible, available, and convenient as gasoline-powered vehicles;
- Promote a robust market for vehicle manufacturers, utilities, equipment service providers, and support industries that ensures a consistent user experience, customer choice, and allows for a streamlined permitting process;
- Enhance American manufacturing competitiveness, innovation, and the development of advanced technology;
- Attract and leverage private, State, and Federal investment in electric vehicle deployment, infrastructure, research and development, and education and outreach; and
- Enable smart charging and vehicle grid integration through solutions such as demand response, and other energy storage and load management strategies.
In addition to ChargePoint and EVgo, signatories to the Guiding Principles include
- Berkshire Hathaway Energy;
- the California Air Resources Board;
- Consumers Energy;
- Con Edison;
- Connecticut Green Bank;
- Dayton Power & Light Company;
- Duke Energy;
- the Edison Electric Institute;
- EDTA/the Electric Drive Transportation Association;
- Eversource Energy;
- Florida Power and Light;
- Georgia Power;
- General Motors;
- Hawaiian Electric;
- Hawai‘i Electric Light;
- Maui Electric;
- Indianapolis Power & Light ;
- Kansas City Power & Light;
- Louisville Gas & Electric and Kentucky Utilities;
- Mercedes-Benz USA;
- NASEO, the National Association of State Energy Officials;
- National Grid;
- NextGen Climate America;
- New York State;
- Orange and Rockland;
- Portland General Electric;
- PPL Electric Utilities;
- PG&E/Pacific Gas & Electric;
- PNM Resources;
- Puget Sound Energy;
- Southern California Edison;
- the Southern Company’s Alabama Power Georgia Power, Gulf Power and Mississippi Power;
- the State of California;
- Teco Energy;
- Tesla; and
- Westar Energy.
The White House has issued a 6,200-word fact sheet on the initiatives, outlining new initiatives on the part of national laboratories and their collaborators to reduce charging times and further lower the cost of batteries, efforts to identify effective EV charging corridors, and summarizing the EV and EVSE activities of dozens of automakers and utilities.
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Source: the White House with Fleets & Fuels follow-up