The business of charging: While most of the electrification industry has had its eyes fixed on electric vehicle makers and battery companies, some other, low-profile actors backed by big money have been looking for other angles to earn a fortune. Among them are EV charging network companies and recyclers. San Francisco-based TeraWatt Infrastructure falls generally into the former category: With $100 million in investment capital, TeraWatt is setting out to finance and build gigantic charging centers for the cargo industry — serving everything from Amazon delivery vans to semi-trucks.
In a video conversation yesterday, CEO Neha Palmer told me TeraWatt…
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The future of charging prices: Last week, I wrote that charging your electric vehicle is cheap now, but that in a few years’ time, it won’t be. Once EVs achieve cost parity with gasoline-propelled vehicles, likely about mid-decade, I argued, the clock will start ticking for cheap electricity. Eventually, you’ll be paying the equivalent of a gasoline fill-up. I invoked the rule of hamburgers to explain why. If you want to know what that is, read the piece.
In his confirmation hearing yesterday, Pete Buttigieg, the nominee to be transportation secretary, reiterated a promise that President Joe Biden made again and again on the campaign trail: The administration will seek funding to build a half-million electric vehicle (EV) chargers by 2030.
But if forecasts for EV demand are borne out, the U.S. will need a lot more charging points. In a report earlier this month, McKinsey puts the required number at five to nine million by 2025 and double or triple those figures by 2030. …
The future of batteries, electric cars, and driverless vehicles. A new blog from Medium.