The US must develop direct current fast-charging (DCFC) technology to be relevant in the ongoing transition to electric vehicles. These public charging stations are crucial in the assurance that long-distance travelers to make their trips with ease. Moreover, the people who can’t afford home-charging technology will also benefit from these installations. The challenge in this sector is that the developers are not developing the stations fast enough to accommodate the increasing number of electric cars.
The ongoing development of charging stations in the US will exceed 17000 because the country is fast advancing in this technology. About half of these stations are for Tesla, with the third being in California. Experts have realized that California will require more than 25000 public DCFCs through the next four years. This move will facilitate the uptake of 5 million electric vehicles before the end of this decade.
The rate of developing fast-charging stations for electric cars will be dependent on the dynamics or variables associated with the technology. This concept is genuine because the stations that will be in use and help the investors recover their investment will pave the way for more investments. Experts have explained that the expansion and deployment of DCFCs is incremental when it should be exponential to sustain the increasing number of electric car models. The US can emulate China which has discovered a technique of exploring electric vehicles and their charging technology. For example, China has cut down the manufacturing costs and development costs for the public charging stations because its government and the private sector support these projects.
The economic strains in developing fast-charging stations in the United States have limited electric vehicles’ uptake rate. Additionally, this dynamic can affect the affordability of the electric vehicle charging services by consumers, making them refrain from this technology. If the electric vehicle charging technology grows exponentially, then the price of charging the cars will be cheaper, attracting consumers to these models.
Since electric vehicles are slipping into the hands of drivers from all socio-economic backgrounds, it is essential that the public charging stations be made available to accommodate the low-income drivers who can’t afford home charging installations. If this is not done, then the cost of running electric vehicles will be higher than that of the drivers remaining with the conventional cars. All the stakeholders ought to support the transition to electric vehicles. The government can place incentives for the EVs’ uptake and registration while the manufacturers can develop affordable models. All these stakeholders can partner to develop the charging stations to meet the demand for the vehicles.