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An Automotive Minute from IHS Markit with Devin
Lindsay
Many assume Democratic President Elect Joe Biden will be much
more electric vehicle friendly, and that he may finally usher in
the wave of electric vehicles anticipated since his years as vice
president. But will this likely be the case?
The administration desires to build 500,000 EV charging
stations. This would certainly make charging availability much more
visible to the public, but how many is too many for the number of
electric vehicles expected to be on the road? Most EV owners charge
at home, and while more chargers make everyone feel more assured,
EV charging must become faster to fit into American time
schedules.
We should certainly expect more ambitious fuel economy standards
for 2027 and beyond after the current CAFE regulations end and a
reinstatement of California's zero emission vehicles mandate waiver
which will all but guarantee a home for the new EV models being
rolled out by automakers.
But while there are certainly no guarantees in the world of
politics, the EV industry is perhaps in its best scenario ever:
more electric models choose from and tougher environmental and fuel
efficiency policies to lower greenhouse gases.
