US utilities eye EV opportunity

Efforts are ramping up to meet the growing demand for charging infrastructure and additional grid capacity

Utilities are eyeing opportunities in the US electric vehicle (EV) market following the passing of the Biden administration’s infrastructure bill. The legislation, passed in November, includes $7.5bn to create a national network of EV-charging stations. The administration’s plan for EVs to account for 50pc of vehicle sales by 2030 is very aggressive, says Frank Maisano, a communications strategist at the law firm Bracewell in Washington, DC and an expert in energy policy. “That is less than ten years away. We are going to need a massive focus on developing the infrastructure,” he says. “Utilities see a real possibility of a customer base.” Utilities are not new to the EV sector. Edison Elect