The US is seeing massive investments in electric vehicles and charging infrastructure after the government announced its goal that half the cars on the road will be EVs by 2035. Aside from new EV and EV battery factories, there are also significant investments made in EV charging manufacturing plants coming right now, according to the Department of Energy.
Since 2021, manufacturers have announced more than $500 million in EV charger investments. This includes all types of electric vehicle charging equipment, including Level 2 AC charging points, DC fast chargers, and some wireless charging systems.
The list of new EV charging manufacturing plants already includes more than 40 sites. These investments are set to create over 3,000 jobs in the manufacturing sites alone, while many more new jobs will be created to install and maintain the equipment.
The entire EV charging market is at a tipping point right now as the industry prepares for a switch to a new universalized charging standard in North America: the Tesla-developed NACS, which will be standardized by SAE. At some point in the future, NACS will replace other charging systems for light-duty electric vehicles, covering all scenarios in a single plug.
Read more: California’s $3B Plan to Doubles EV Charging Stations
All EV manufacturers will have to develop new products to match the new universal standards, though they will be temporarily supporting the existing charging setup. This is an indicator that the EV revolution is going to mean more to America’s economy than just new choices in cars.
