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U.S. needs 'make-ready' infrastructure to promote electric vehicles

Commodities Mar 04, 2021 04:15PM ET
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2/2 © Reuters. FILE PHOTO: The charging socket is seen on Ford Motor Co's all-new electric Mustang Mach-E vehicle during a photo shoot at a studio in Warren, Michigan 2/2
 
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By Stephanie Kelly

NEW YORK (Reuters) - U.S. utilities need to invest in so-called "make-ready" infrastructure to promote electric vehicle use, which includes wiring parking lots to support vehicle charging, company and government officials urged at the world's largest energy conference on Thursday.

Affordability of electric vehicles will be crucial to the transition away from fossil-fuel use in transportation, they said at IHS Markit's CERAWeek virtual conference. Though electricity is the fastest-growing energy source in the transportation sector, it is expected to power only a fraction of the sector by 2050, according to U.S. government forecasts.

If built correctly, the industry's development could also improve power grid reliability, which could draw more consumers in, said Pasquale Romano, chief executive of ChargePoint, an electric vehicle infrastructure company.

"Where all of these distributed resources actually can provide value back to the grid - be able to capture it and provide it back to customers in a meaningful way - is likely to be one of the drivers of accelerating consumer adoption of electric vehicles," added Badar Khan, president of utilities company National Grid (LON:NG) US.

Scaling up for the industry will also depend on the affordability of the electric vehicles themselves, and work there needs to be done, said Gil Quiniones, CEO of New York Power Authority.

"As the price points go down, and as we accelerate the charging infrastructure, the entire system rises, then the adoption across the board will also increase," he said.

U.S. needs 'make-ready' infrastructure to promote electric vehicles
 

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Comments (2)
Brook Buck
Brook Buck Mar 04, 2021 7:03PM ET
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nice, the more the govt spend, the higher inflation. expect higher gas and vehicle prices for these new tech
Joseph Armour
Joseph Armour Mar 04, 2021 4:56PM ET
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lets see; people get impatient waiting 3 min for a gas pump; get grouchy when it takes more than ten seconds to select their fuel; tap their foot in irritation while fuel is pumping and scream in agony if they can't pull out immediately. Yeah, electric plug in, and wait half an hour, stations are a good idea. What is needed is battery swap stations. Pull up, some station attendant uses his jack/ gizmo to remove and wheel battery away, comes back with full charge battery a uses jack/gizmo to place battery into car, you pay while he does his thing, off you go- get it down to two or three minutes top and your the favored electric station in town.
 
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