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What New $1.4B CEC Funding Means to California
If you’re a Californian, this Thanksgiving season brought a lot to be thankful for, notwithstanding both the Rams and Chargers getting shellacked on the road nor the average 24% price increase of frozen turkeys. No, rather we’re referring to the three-year $1.4 billion funding initiative that was quietly approved by the California Energy Commission the week before the feast-filled holiday kicked off. The goal? Close the Golden State’s 2025 infrastructure funding gap and speed up the push toward Governor Newsom’s plan for a zero-emission “autopia.”
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New EV Tax Incentives Will Drive Infrastructure Growth
Rarely has the progress of a fledgling new industry been so predicated upon passage of legislation as was the clean energy transportation sector with the $1.2 trillion once-in-a-lifetime infrastructure bill that Joe Biden signed into law on Monday. In addition to money for roads, bridges, ports, public transit – you know, all the usual stuff – the Build Back Better bill provides bold new incentives for drivers to go electric, including a $7,500 tax credit for EV buyers through 2026. Cars costing $50,000 or less and trucks, vans and SUVs costing $80,000 or less will qualify.
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West Coast Electric Highway to Receive Extensive Upgrade from EVCS
ARCADIA, Calif. (August XX, 2021) – EV Charging Solutions (EVCS), one of the largest electric vehicle (EV) fast charging network operators on the West Coast, today announced that they are approved and funded by the Oregon Department of Transportation (ODOT) to upgrade 44 and add three new electric vehicle charging stations on the Oregon portion of the original West Coast Electric Highway (WCEH). Eleven of the 47 stations will be called “superstations” and will include three DC fast chargers and one Level 2 AC charger. In all, more than 100 charging ports will be upgraded or added.
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Spectrum News: SoCal Company Looks to Meet Growing Need for EV Charging Stations
Recently, our CEO and co-founder, Gustavo Occhiuzzo, was featured in a Spectrum News 1 segment titled “Inside the Issues” with Alex Cohen. He was able to not only convey the challenges we face as we work toward a more electric future, but also the strides EVCS has already made in addressing those challenges as well as some of our most significant achievements. Examples include our deal with LADOT to install DC fast chargers at 57 city-owned lots, our doubling of non-Tesla chargers in LA since last year alone, and the fact that EVCS has become one of the largest and fastest growing installers of EV charging stations on the West Coast in less than three years. See the interview clip and accompanying article below to learn more.
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Analysis of Biden’s Infrastructure Plan
President Biden finally held his first official press conference last Thursday, March 25th, wherein he addressed his $2.2 trillion infrastructure bill, albeit from a high level that was light on details. What we do know is that the legislation will include $174 billion dedicated specifically to incentivizing EV manufacturing, the building of charging networks, tax credits for EV purchasers, and the development of alternative fuel technologies. The goal, Biden says, is to have a minimum of 500,000 EV charging stations installed across the country by 2030.
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