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Proposed legislation to grow access to EV charging market

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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.

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Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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