With Tesla's Model 3, Chevy Bolt's 230-plus mile range, the extended range Nissan LEAF, BMW i Series, and Audi's upcoming 200-plus mile range vehicle, EVs are becoming increasingly prevalent. However, widespread adoption requires more than just vehicles themselves.

While gas stations are readily available on nearly every corner, EV charging infrastructure needs to match this convenience. A robust charging network is crucial for eliminating range anxiety and ensuring drivers can charge their vehicles anytime, anywhere.

Key stakeholders - government agencies, EV charging companies, and automakers - must collaborate to build necessary infrastructure. The Volkswagen TDI settlement with the EPA, requiring $2 billion investment in zero emissions vehicle (ZEV) infrastructure, presents a significant opportunity for industry growth.

Critical factors for widespread EV adoption:

• Collaboration between automakers, policymakers, and hosts
• More affordable extended range vehicles
• Substantial infrastructure funding

The required capital investment is substantial. California alone needs approximately $300 million to upgrade existing 50kW DC fast chargers to 100kW, 150kW, and eventually 300kW-plus chargers, enabling 10-20 minute charging times. Doubling the state's fast charger network could cost around $600 million total, before considering the other 49 states.

The $2 billion VW settlement investment represents a crucial opportunity for:

• Electric vehicle charging companies
• Automakers
• Drivers
• Public infrastructure development

With over 500,000 EVs on roads and numerous affordable long-range models entering the market, well-executed projects funded through the VW settlement could catalyze revolutionary industry growth. This investment will help make EV ownership viable for drivers across the United States, supporting the development, construction, and maintenance of ZEV infrastructure.

The settlement creates opportunities for private sector charging providers and suppliers to deploy capital effectively, making EV charging infrastructure accessible to millions more American drivers. Industry participants are ready to collaborate in advancing EV charging technology and accessibility.

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