New EV Executive Order: 50% of Vehicle Sales to be Electric by 2030
A recent executive order is shaping the future of electric vehicle sales and the electric vehicle infrastructure. And the new EV Solutions division at City Electric Supply is ready to help achieve the new EV executive order target.
EV Executive Order Details
By 2030, the goal is for electric vehicles to make up 50% of all vehicles sold in the U.S. On top of this target, a $7.5 billion infrastructure plan will rapidly increase the number of public EV chargers from 100,000 to 500,000 over the next decade.
“We’ve reached an inflection point for the electric vehicle industry,” explained Joshua Kovalcik, the EV Division Sales Manager at City Electric Supply. “It shows people that the government and auto manufacturers are taking steps forward for a more renewable future.”
In addition to these larger targets, consumers will get to receive some financial incentives as well. If you’re buying an electric vehicle for the first time, you could qualify for up to $12,500 in tax credits!
It’s the first federally recognized monetary incentive for consumers of its kind. And this huge tax incentive makes such an ambitious goal pretty achievable, according to Kovalcik.
Manufacturers Plan to Grow EV Offering
The only thing auto manufacturers need to do is offer the vehicles that Americans love to buy — SUVs and trucks.
Ford and other major manufacturers are already getting out ahead of this trend. Ford is making an electric version of their best-selling F-150. Jeep is building an electric Wrangler. And, of course, Dodge is releasing an electric muscle car. The list goes on.
“Over the next five years, price and performance are two things that will heavily push this transition to electric vehicles,” Kovalcik explained. “If you can purchase an electric vehicle around the same price as a gas vehicle — and it’s the vehicle class you want — it’s hard not to make the switch.”
EV Infrastructure Improvement
Plus, with more publicly available chargers, there will be a real infrastructure that can support more electric vehicles on the road. This represents a huge opportunity for EV Solutions beyond just those first 500,000 chargers.
“That number just represents the public chargers needed,” Kovalcik said. “You’ll find those chargers in retail areas like restaurants and shops, but that doesn’t even scratch the surface. We still need home chargers, fleet chargers — it really puts it into perspective what an EV-friendly future will look like.”
And better yet, EV Solutions is already ahead of the curve compared to other EV suppliers.
CES EV Solutions Is Here to Help
“For years, City Electric Supply has made investments in the renewable space,” he said. “We know what it takes to supply the equipment. We know how the grants and incentives work. And we know the processes to win those incentives for consumers and contractors.”
Essentially, if it involves electric vehicles, our EV Solutions team can do it all. That includes everything from supplying and white labeling EV chargers to handling applications for financial grants and incentives.
“As a supplier in the EV space, we have very achievable goals,” Kovalcik added. “One of the best ways we can get there is to be a resource for those getting into this space. Our EV Solutions team is here to help administer and apply for any incentives and grants, including offering financial options to ease into the initial investment and equipment required for electric vehicles.”
If you’re interested in the EV space, have questions about this new EV executive order, or just want to get in touch with our EV Solutions division, reach out to us at: EVSolutions@cityelectricsupply.com.