How Government Is Aiding In EV Development

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Emerging industries can usually rely on the government for some assistance to a certain degree, especially if that industry is beneficial to the whole of society.  Over the course of the last 30 years there has been a push to create more solutions that will reduce carbon emissions in the United States, one of the primary aspects of this being the reduction of gas-powered vehicles.  The push by environmentalists for a wider spread adoption on the part of the public for electric vehicles has run into some stumbling blocks and adoption has been slow because of the general perception of the vehicles being impractical.  For many years electric vehicles were viewed as underpowered and not stylish, as well as ineffective at traveling long distances due to low battery capacities and a lack of convenient charging stations outside of the home.  To charge your car and home it will take several hours, and the universal charging station network in the United States overwhelmingly features chargers take more than an hour to deliver an 80% charge.  This is proven to be problematic for wider spread adoption of electric vehicles.  Tesla has made strides to impact wider adoption of their products, but this has not improved the market in general because the Tesla network of superchargers is specific for Tesla vehicles, and others but only with a specialized adapter. In order to push American ownership of electric vehicles past the 2% mark where it currently is at the time of this writing, more fast charging stations need to be built.  Private industry is slow to build new stations due to their expense when compared to the amount of people that are driving electric vehicles overall in the US.  The cost of a new level three charging station that can deliver an 80% charge in under ½ hour is nearly ¼ million dollars, and the ongoing operations are expensive because of potential damage to the sensitive equipment.  The equipment utilized in the process is expensive and easily damaged by electrical surges caused by nearby lightning strikes and/or power surges from the grid. This is so even as the footprint of these faster charger stations need to be expanded.  A wider footprint means a higher possibility of damage as a result of lightning strikes to an area, and ultimately can factor into the decision making of private industry into making the investments necessary due to build out the network infrastructure for EV charging. Through government incentives that are baked into the two trillion dollar infrastructure bill that currently proposed in the US Congress, as well as ongoing improvements to the technological aspects of the process, it is with high hopes that projections of more than 500,000 electric vehicle charging stations can be installed in the United States by 2030.  If this goal is to be accomplished, a major impact on climate change could be achieved as more people switch to driving electric cars.  One of the ways that private industry is assisting in this process is through the development of more robust specialty surge protection devices that are integrated into the systems by the manufacturers of the EV chargers before they are even installed in order to protect the equipment when power surges happen. Raycap has developed the most technologically advanced industrial surge protection devices in the world, and is playing a significant role in the expansion of electric vehicle market as a result.