EV Charging Companies Struggle to Build as Climate Bill Boosts Incentives - WSJ

2022-08-13 14:15:34 By : Mr. Chang Zhili

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https://www.wsj.com/articles/climate-bill-aims-to-boost-americas-charging-network-to-meet-rising-ev-demand-11660302180

The Democrats’ climate and tax bill increases incentives for buying electric-vehicle chargers, benefiting companies that are already rushing to build or install them. But permitting and supply issues remain, and the financial support won’t be a panacea.

The Biden administration wants 500,000 public chargers by 2030; McKinsey & Co. estimates that as many as 1.2 million are needed. So far, the U.S. has around 124,000 public chargers, most of which take several hours to repower a car, according to government data.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.