Advanced Energy Perspectives

Automakers are particularly vulnerable to economic downturns; just think back to the 2008-2009 financial crisis. So it should come as no surprise that EV sales, along with all others, are expected to drop in the coming year due to the global COVID-19 pandemic. But in the long term, nothing has changed. Manufacturers are gearing up their EV offerings, EVs continue to grow their worldwide market share, and gas-powered vehicles have hit their peak. What’s next, especially in the United States, is for the charging station build-out to match the coming demand – and realize the job gains and global competitive advantage that could come from a federal charging-station investment.

It has been an action packed few months in transportation electrification as legislative sessions have been in full swing. We have seen some good, some bad, and some ugly, but ultimately, as sessions start to wind down, the electric vehicle (EV) industry is walking away with some major wins. In Michigan, we saw a major charging infrastructure program approved. In Colorado, new legislation removed barriers to EV charging station deployment and extended tax credits for EV purchases. Down in the southwest, Nevada’s legislature has passed bills that incentivize the adoption of electric school buses by school districts and ease weight restrictions on heavy-duty electric vehicles. Next door in California, we got assurance that a new rulemaking is not going to hold up utility requests for approval of EV infrastructure plans. Meanwhile, a bill introduced in Pennsylvania is making that state look like the next one that could become EV friendly. These actions are all part of an accelerating trend toward vehicle electrification in states across the country.