The Bipartisan Infrastructure Bill, also known as the Infrastructure Investment and Jobs Act, passed in November 2021. This followed two significant targets set earlier that year by President Biden: to cut greenhouse gas emissions by 50-52% below 2005 levels by 2030, and for 50% of new US vehicles to be electric by the same year.
These targets clearly go hand in hand, but what exactly is in the Infrastructure Bill for electric vehicles? And how does this impact government agencies, automakers, and other businesses? [Text Wrapping Break][Text Wrapping Break]Let us introduce the bill in more detail and explain how Wejo can help you take advantage of the funding available.
Reducing emissions is a key objective of the Infrastructure Bill, which is why electric vehicles are such an important focus for the coming years. To create the right infrastructure for EV adoption, spending under the bill will go towards building a network of EV chargers.
Two of the biggest barriers to adoption are range anxiety and charging convenience. But by placing charging stations strategically along highway corridors and within communities, Biden aims to make them easier to access and facilitate long-distance EV travel at the same time. In doing so, he hopes to drive EV uptake among businesses as well as the public, including delivery and logistics firms.
With that in mind, Infrastructure Bill funding also includes $39 billion of new investment to modernize transit. Biden recognizes that the US transportation sector is the largest single source of greenhouse gas emissions. As such, the bill lays out plans to “replace thousands of deficient transit vehicles, including buses, with clean, zero emission vehicles.”
With Infrastructure Bill grants becoming available to build charging stations, it begs the question: where, when, and how many? The key is to understand how far people are driving in a given area, where they’re driving to, and how long they’re stopping for. Traditional methods of extracting this data – such as static cameras or modeling – either cost too much, take too long or lack accuracy. This won’t do when trying to access funding and hit government targets.
Connected vehicle data has the answer. With more and more connected, electric and autonomous vehicles on the road, there’s a huge opportunity for public and private organizations to put these insights to use and enhance efforts towards EV adoption.
There’s no doubt that the 2021 Infrastructure Bill is accelerating the smart mobility revolution. But you need to move fast to stay on track.
Wejo is a SaaS provider with access to data from more than 13m connected vehicles. And we've teamed up with Palantir to make our expansive set of connected vehicle data available to their EV Infrastructure Operating System (OS).
Together we’re helping government agencies, automakers, charging network operators, retailers and more to effectively plan site placement and operate charging networks. This empowers them to get ahead of challenges such as grid demand and charging practicality to ultimately increase network reliability.
Learn more about how Wejo is accelerating EV adoption and infrastructure here.