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State Governments Thinking Ahead to EVs

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State governments are earmarking billions of dollars to adapt to the future demand for electric vehicles.

A story in The Hill chronicles the growth of the electric vehicle market that has already spurred billions in tax breaks and spending incentives as states race to attract new manufacturing plants.

In recent months, the electric vehicle manufacturer Rivian has announced plans to open a major facility in Georgia, and Ford has said it will open a multibillion dollar facility in Tennessee. Toyota said last month it would build its first North American battery plant in North Carolina.

Prospective sales in the coming years has states thinking about how they will handle the demand for charging stations, both at homes and in public places. Those states are also considering how they will replace billions in gas tax revenues for the fuel that electric vehicle owners will not have to purchase.

Utah Gov. Spencer Cox (R) has proposed $3 million to fund new charging stations in rural areas. New York Gov. Kathy Hochul (D) has proposed spending $175 million on new charging stations and streamlining the permitting process for installing those stations at businesses and new home sites.

You can read The Hill's story here.

Source: The Hill

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