![The Biden administration announced that the number of publicly available electric vehicle chargers has doubled since Biden took office, reaching 192,000 charging ports.](https://san.com/wp-content/uploads/2023/11/CLEAN-EVcharging_AP-Images_featuredImage_Thu-Nov-02-2023.jpg?w=1920)
RANGE ANXIETY.
IT HAS BEEN BEEN A LEADING HURDLE FOR EV ADOPTION. HOWEVER, RECENT MOVES MAY QUELL SOME OF THOSE FEARS.
AND AN OIL AND GAS GIANT IS HELPING LEAD THE WAY
FOR THE FIRST TIME EVER, TESLA’S SUPERCHARGERS WILL BE DEPLOYED ON AN INDEPENDENT EV CHARGING NETWORK.
BP IS INVESTING ONE HUNDRED MILLION DOLLARS IN THE CHARGERS TO ADD THEM TO THEIR CHARGING BUSINESS AT LOCATIONS IN CHICAGO, HOUSTON, LOS ANGELES, PHOENIX, AND WASHINGTON, D.C. AS EARLY AS 2024
BP PULSE , WHICH HAS TWENTY SEVEN THOUSAND CHARGE POINTS GLOBALLY, WILL USE THE DEAL WITH TESLA AND AN ADDITIONAL ONE BILLION DOLLAR INVESTMENT IN CHARGING CAPACITY TO INCREASE THAT TOTAL TO ONE HUNDRED THOUSAND BY 20-30.
IN 2019, CHARGING INFRASTRUCTURE MADE UP JUST THREE PERCENT OF BP’S TOTAL INVESTMENTS. LAST YEAR, IT ACCOUNTED FOR NEARLY A THIRD OF THE MONEY SPENT BY THE COMPANY.
BP’S MOVE FOLLOWS SIMILAR ANNOUNCEMENTS FROM AUTOMAKERS.
BMW, GENERAL MOTORS, HONDA, HYUNDAI, KIA, MERCEDES-BENZ AND STELLANTIS ARE PLANNING TO JOINTLY INVEST AT LEAST ONE BILLION DOLLARS TO BUILD A NORTH AMERICAN EV CHARGING NETWORK OF THIRTY THOUSAND NEW FAST CHARGING PORTS BY THE END OF THE DECADE –NEARLY DOUBLING THE NUMBER OF FAST CHARGERS CURRENTLY AVAILABLE IN THE U.S.
THE RECENT MOVES ARE A RESPONSE TO CONSUMERS’ ONGOING CONCERNS ABOUT CHARGER RELIABILITY, SPEED, AND ABUNDANCE.
NEARLY EIGHTY PERCENT OF THE PUBLIC TOLD AN AP POLL THE CURRENT STATE OF CHARGING INFRASTRUCTURE IS A PRIMARY REASON FOR NOT BUYING AN EV.
FORD’S CEO SAYS THE COMPANY EXPECTS TO SEE QUOTE “MASS CONSUMERS WITH A LOT OF CHARGING ANXIETY.”
TO COMBAT THESE CONCERNS, FORD ANNOUNCED THIS WEEK THAT IT WAS INCREASING ITS OWN DEAL WITH TESLA TO USE ITS SUPERCHARGERS FROM TWELVE THOUSAND PORTS TO FIFTEEN THOUSAND PORTS