News Formal

Proposed legislation to grow access to EV charging market

  • 📰 kgun9
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

EV experts say that nobody should be paying higher power bills when there are private businesses that want to invest and pay for the EV charging stations themselves.

Senate Bill 1501 aims to put a guard rail on the marketplace. It gives businesses the reassurance that they are not going to be undercut by major power companies.

Power companies are raising residents and business' power bills on a monthly basis in order to pay for their own charging stations.This discourages private investments in the EV charging space. According to Charge Ahead Partners, there are many local retailers that want to get into EV charging but the power company at any point can jump in and change costs.

This legislation push is for Level 3, DCFC stations. This allows you to take a road trip and not have to pull over for hours and hours on end. Whereas EV chargers you may see at some local spots take hours on end to charge up and even can take overnight.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 584. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cumberland County bank plans to expand into 3 more states after proposed mergerThe merger is expected to close in the third quarter of 2023.
Source: PennLive - 🏆 463. / 53 Read more »