Long-term electric vehicle projections make it seem as though transitioning to an electrified transportation system is a foregone conclusion, when in reality it will not be easy or cheap.
The Center of American Progress highlighted this point in a recent report. “Tipping the balance of vehicles toward PEVs requires the funds to incentivize the widespread adoption of new vehicles and their charging infrastructure, along with the will to overhaul the existing system,” it states.
Policymakers need to find new and creative ways to put more plug-in electric vehicles on the road, according to the report. Expanding EV infrastructure is a major component of that. Policy leaders across the country are investing in charging stations through the use of state financial incentives and funds made available through the Volkswagen settlement, but CAP argues that those initiatives are not enough.
State legislators, state departments of energy and transportation, and state utility regulators all have roles to play in the electrification revolution. Then there’s the matter of managing this change. Plugging millions of EVs into the electric grid represents both a challenge and opportunity for utilities. In failing to take action, power companies risk being overrun.
The next three State Bulletins will dig into the latest EV policy research to provide an in-depth look at the EV policy landscape today. Part One, continued below, examines the need for EV policy action and possible policy solutions. Part Two will focus on utility regulation and how to design programs that support EV growth in a way that benefits the entire grid system. Part Three will take a closer look at what some utilities are already doing to encourage — and take advantage of — EV adoption.