biden's plan intends to help fix what's known as range
anxiety. The fear that your E.V. Will not get you as
far as you need to go before another charging stat
becomes available. This is in the loop. I'm christian
Bryant. If you watch as much tv as I do, you've seen
that electric vehicle commercials are everywhere thes
days. Please. Yeah, the new fully electric Audi Rs E
Tron GT the all electric QA by Mercedes EQ. But despite
all that marketing effort, the U.S. Still lags far
behind other countries. An electric vehicle adoption
when looking at the percentage of new car sales around
the world last year, electric vehicles or EVs accoun
for more than half of them in two countries. Norway a
Iceland in the U.S.E.V.S accoun for just 2% of new
cars sold more. Americans buying an electric car
wouldn't just impact the market, it would impact the
planet transportation is the largest source of
greenhouse gases in the U.S. Creating more than 1.9
billion metric tons of emissions each year. But people
quite literally don't seem to be buying into it in the
past few years. EV sales have actually been shrink
Just over 64,000 plug in hybrids were sold last year.
That's about half as many as in 2018 according to the
International Energy Agency. So do we think that is
one of the biggest complaints was the phasing out of
the federal tax credits for the cars. Many people felt
as though it only benefited the wealthy Mr. Presi
Americans making over $100,000 a year, claimed nearly
80% of electric vehicle tax credits. In 2016. Last week,
the Senate approved an amendment which would eliminate
the $7,500 federal tax credit for electric vehicles
costing more than $40,000 and for households with more
than $100,000 of declared incom but it still needs to
be approved by the House. Then there's also the upfront
cost for these types of cars. The average sticker price
on an E.V. Is $19,000 higher than an average gasoline
powered car, according to the National Resources
Defense Council. It can even out over time though, over
the anticipated 15 year lifespan of an e.v. The
electricity required to run a battery powered electric
car can be nearly $15,000 cheaper than filling up a gas
powered car. But that's not necessarily the case
everywhere in Hawaii, which is an example on the other
end of that spectrum, charging up your car would
actually end up costing you nearly $3000 more than
filling up the gas tank in that same time period.
Further complicating the statis is the fact that
there are hybrid eaves which give you both charging and
gas options as well as plug in EVs, in which your only
option is to charge up and that leads us to the next
problem with these eco friendly cars. Not everyone
lives near a charging station, which can make things
inconvenient, fewer than 10% of Americans have easy
access to an electric vehicle charging station. It's
also worth noting black and latino communities have
significantly fewer charging stations than white
neighborhoods. If you're going to drive several 100
miles beyond the range of your, of your battery,
there's a certain amount of uncertainty of if there's
going to be chargers where you're going, if they're
going to be available. So we need this base level of
charging of the structure to get consumers over the,
the fear that there might not be charging available
where they're going, then there's also the cost of
electricity. It might not vary as much as gas prices
can, but the cost is still going to range since in most
cases individual station owners can set the charging
price and it will surely be more than what you pay to
just plug in at home. So I think it's all about getting
us to that tipping point over the next couple of years
and getting the general market and consumers
comfortable with the idea of, of driving electric
vehicles. The thing is plugging in at home can also be
an investment depending on how far you're driving. If
you have a further commute, you might need, what's
known as level two charging equipment and not ever
home is equipped to handle that. So you'd have to get
it installed right now, the US has just over 100,000
public chargers available, just 18% are considered
level three which can recharge and Tv battery in an
hour or less now. In an effort to change that part of
President biden's infrastructur bill would invest more
than $7.5 billion to create charging stations all
across the US. But that's not. The President's onl
hope for E.V.S by 2030. Biden also wants half of all
new car sales to be electric vehicles. But are thes
goals even feasible after seeing where we currently
stand compared to other parts of the world. Newsy's
Tyler Adkisson talks to experts about their thoughts.
President Joe Biden's American jobs plan includes $7.5
billion 500,000 ev charging stations. This new funding
will help the US start moving toward Biden's goal of
electric vehicles, accounting f half of all new car
sales by 2030. But experts tell newsy this federal
funding will likely not be enough to kick every
adoption into high gear. We're looking at over 30% of
the vehicles by 2030 to be sold here will be battery
electric for us to get to that point of market
saturation or where the biden administration would like
for it to go. I think we will end up seeing some form
of standardization just so people can feel comfortable
when they're out traveling, not having to worry about,
let me find my specific network of chargers so I can
plug in biden's plan intends to help fix what's known
as range anxiety, the fear that your Evie will not get
you as far as you need to go before another charg
station becomes available. That a key issue for
consumers. The Tennessee Valley Authority, the largest
public utility in the U.S. Told Newsy that their
customers commonly cited worrie about being able to
recharge as a reason for not buying an electric vehicle.
If you look at the infrastructure that's out there
specifically fast charging, the majority of it is
concentrated in the major cities, the Nashville's, the
Knoxville's, we're looking to put fast chargers every
50 miles along the major, not just interstates but us
and state highways, really tryi to connect all of our
communities together. I give that basic foundational
network utility companies who will oversee the power
necessary to charge those vehicles say the federal
funding for charging stations helps alleviate some
range anxiety concerns, but they c E.V adoption as
being equally shaped by local and state governments
where really watching how the how the uh infrastructure
build. So it turned out at the federal level, but that
hasn't stopped us at the local and state level here in
new England in massachusetts Connecticut espec
from advancing this conversation about reduction in
greenhouse gas emissions through the electrification of
transportation, massachusetts, you know, the state
has articulated a goal of reduction of greenhouse gas
emissions by 100% by 2050 according to cox automotiv
and kelley blue book electric vehicle sales made up
just under 8% of the nearly four million vehicles so
in the U.S. During the first quarter of 2021. So
getting them up to 50% by 2030 will be ambitious
utilities and market analysts told Newsy that beyond
funding, getting more people behind the wheel of an
electric car relies on educating more people about wha
they can expect as E.V owners like where they're going
to recharge. We know that 80% of charging for those who
are so able to have a drive away, have a garage, righ
are going to 80% of charging at home. I've heard
reports that stated, the battery range is something
that range anxiety goes away after a couple of weeks,
our ownership, once they realized like, you know, I
actually can go where I want to go and I don't have to
worry about not being able to get back home. And so
again, it's such a tough sell because I've always
stated that we're not just looking toward people buyi
a different car. We're looking for them to change the
relationship with the car that they've had all their
lives. Tyler Adkisson, Newsy Chicago when you're back.
We're going to shift our focus to Afghanistan, one of
the most closely watched parts of the world right now.
We'll give you the latest until you more about how the
Taliban's takeover in Afghanistan is having ripple
effects elsewhere. Mhm.