In his
State of the Union address, Biden called for lowering the price of EVs and thus "saving you another $80 a month that you’ll never have to pay at the pump." He also touted companies choosing to build new factories in the United States and pointed to investments of $11 billion by Ford Motor and $7 billion by General Motors to build EVs.
Convincing consumers to make the switch means building sufficient charging infrastructure -- and at least initially, building charging infrastructure faster than it is utilized, Eichberger said. Fuels Institute, a research group, expects the U.S. will need a mix of 1.8 million public Direct Current fast chargers and Level 2 chargers by 2030.
"Not only do we need to build the infrastructure, we need to tell people the infrastructure exists. They need to see it, they need to experience it," he said. "They need to be reassured ... And that's going to require probably an overbuild of the market, relative to what's actually necessary, to provide that customer assurance that they they're never going to stranded."