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Thursday, January 20, 2022

Charging infrastructure for electric vehicles in Colorado will receive a blow from the Fed as EV sales continue to rise

Boulder — With electric vehicle registrations in November assuming 10% of all new Colorado vehicle registrations for the first time and $57 million in federal aid to help build charging networks and capacity over the next five years, the state now How people carry themselves from one place to another for “Bahadur Mein Hai New World”.

Similarly Democratic Rep. Joe Negues summed things up last month afternoon at the North Boulder Recreation Center, as he checked out a pair of charging stations being used by the city in a pilot program to see how Boulder could maximize power generation across its region. Is. grid.

Congressman also took the opportunity to tout President Joe Biden’s nearly $2 trillion Build Back Better bill, which would fund major climate change initiatives and provide tax credits to encourage Americans to buy electric vehicles. Negues said the bill will do more to promote EV adoption than the recently enacted infrastructure bill.

“There are more muscular investments in the Build Back Better Bill,” Negues said. “It’s a once in a generation moment and I’m definitely going to be all hands on deck for this.”

But the legislation, a hallmark of Biden’s progressive ambitions, is barely clinging to life after Democratic US Sen. Joe Manchin made statements in late December that he could not endorse it in writing.

Will Toor, executive director of the Colorado Office of Energy, said the market is not waiting for federal action, as battery technology continues to improve and threats from climate change speak out.

“Over the past few months, we’ve seen sales (of electric vehicles) skyrocket in Colorado,” Toor said. “We’re coming into a world where sales are four times what they were four years ago.”

In Colorado, EVs accounted for 2.6% of all newly registered vehicles in the state as recently as 2018. According to the Colorado Energy Office, the share claimed by EVs increased from 7.5% in September to 9.6% in October and to 10.8% in November.

As of December 1, there were just over 47,000 electric vehicles registered in the state (about 42% of them were Teslas), according to data from the Colorado Energy Office. State planners project nearly one million EVs on Colorado roads before 2030, counting on the 2025 tipping point when battery improvements are expected to bring price parity with gasoline-combustion cars.

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That means Colorado has a long way to go in increasing its share of EVs criss-crossing state highways, but Toor said a potential game-changer is the growing number of electric trucks, SUVs and crossover vehicles in 2022. Introducing Numbers – Sweet Place for the Automotive Industry.

New electric SUVs and trucks from Ford, Nissan, Kia, Rivian and BMW are expected to hit showrooms this year.

“EVs are going to get cheaper as manufacturing ramps up,” said Travis Madsen, transportation project director for the Boulder-based Southwest Energy Efficiency Project.

And because electric vehicles are much cheaper to power and maintain in the long run, Madsen said the savings could be “billions of dollars” with a largely electrified vehicle fleet nationwide.

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