Our vision, investor information and leadership team profiles
While the EV revolution has been mobile for several years, the US has much distance to cover before it can support the kind of traction needed to make an environmental impact.
A severe lack of charging points – among other adoption issues – currently obstruct government EV goals. But the recent $1 trillion infrastructure bill (Biden bill) is set to kick-start a more widespread use over the next decade. As well as being used to rebuild the nation’s deteriorating roads and bridges, the bill will fund new climate resilience and broadband initiatives – a large section of which will be focused on the proliferation of EV adoption.
We explore the next steps here, along with the integral role that autonomous, electric, and connected vehicle data will play in ensuring the right infrastructure is put in place.
Addressing the shortage
Recent reports from the Government Accountability Office suggest that the US government currently has 1% of the EV chargers it needs – owning just 1,100 of the 100,000 required to support widespread use. Focusing on EV adoption in federal fleets, infrastructure costs and installation appear to be the main barriers to progression.
As part of an initial five-year plan to tackle the issue, around $5 billion will be used to build thousands of EV charging stations. This leaves an additional $2.5 billion remaining from the overall fund passed by Congress to build 500,000 charging points.
In addition to ending purchases of gas-powered vehicles by 2035, Biden also recently invoked the Defense Production Act for EV battery materials. This would see a boost in domestic mining and the production of key minerals used in electric vehicles. What’s more, his administration recently met with EV giant and Tesla CEO, Elon Musk, to discuss EV charging.
So, the wheels are definitely in motion to help tackle the EV adoption problem on two fronts: increasing both charging stations and vehicle production. But is it really that straightforward to simply roll out more EV-focused efforts? And what planning is needed to ensure a smooth and effective transition?
Despite increased funding, building more EV charging stations across your community is much easier said than done. Without accurate data guiding the planning process, the shift to electric could face significant backlash. And this is where Wejo is paving the way for crucial infrastructure to be implemented properly, providing vital driving data and commuter analysis.
With data-driven insights, cities and states are implementing charging infrastructure that lands right where it needs to for their citizens. Our autonomous, electric, and connected vehicle data can also enhance your decision making to help increase the current average EV journey (just 10 miles in the US) and reduce the range anxiety that continues to put off many people from switching to EVs.
How Wejo does it
Using data from millions of connected vehicles, we can help you enable the proliferation of EVs, ultimately contributing to the end goal of emission-free transportation. Specifically, we can empower you to:
Work in city planning and interested in discussing the most effective approach to build a robust EV charging infrastructure for your community? Speak to a member of the team today. We’d be happy to help you plan for an electric future.