US Utilities Eye EV Opportunity

Bracewell Policy Resolution Group Senior Principal Frank Maisano talked with the Transition Economist about the opportunities for utilities in the US electric vehicle (EV) market following the passing of the Biden administration’s infrastructure bill.

“Utilities see a real possibility of a customer base,” said Maisano, but he added that the administration’s plan for EVs to account for 50pc of vehicle sales by 2030 is very aggressive.

“That is less than ten years away. We are going to need a massive focus on developing the infrastructure,” he said.

The legislation, passed in November, includes $7.5 billion to create a national network of EV-charging stations.

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