Obama's plan to supercharge electric vehicles has a lot of ground to cover
The Obama administration is still high on electric vehicles. The White House on Thursday unveiled a broad plan to cover 35 states and roughly 25,000 miles of US highways with a 48 new EV "charging corridors."
Though it's hard to say how smoothly these efforts will go, adding more charging stations is a sorely needed step for electric vehicles to achieve wider adoption. As this chart from Statista shows, only a handful of states concentrated in the West and Northeast (plus Florida) have installed a healthy network of stations for EV owners to power up their cars.
It's a classic chicken-and-egg situation. The Obama administration badly missed its original goal of getting 1 million electric vehicles on the road by 2015 - with less vehicles, there's less reason to build the infrastructure. But as more and more and more and more and more of the automobile industry goes electric, there's more incentive for things to change.
Statista
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’