Tesla pledges to build 7,500 new charging stations for all-electric vehicles

US company most aggressive in building charging infrastructure Of all the electric vehicle manufacturers, Tesla has been the most aggressive in building charging infrastructure, but its charging stations will only restart Tesla cars.

Now, that is about to change. CEO Elon Musk has pledged to the White House that the company will install 7,500 charging stations across the country by the end of 2024. It's a jump-start for the Biden administration's plan to add 500,000 new charging stations by 2030.

In addition to Tesla, Ford, GM, and ChargePoint have also committed to supporting the installation of charging stations.

Tesla pledges to build 7,500 new charging stations

In addition to the limited range, one of the strikes with EVs is the time it takes to recharge the vehicle's battery.

And according to the US Department of Transportation, a Level 1 charge—using the port you might have in your garage—can take anywhere from 40 to 50 hours to fully charge a dead battery.

As part of Tesla's agreement with the US government to build 7,500 charging stations, the company plans to install at least 3,500 of the company's 250-kilowatt superchargers along interstate highways.

The remaining 4,000 stations will be Level 2 chargers and can take several hours.

Used Tesla prices are falling

  • As the White House tries to encourage the use of electric vehicles, at least one data point indicates that its work is over.

  • A study by iSeeCars.com found that used Teslas are dropping in price faster than other used cars.

  • The late Tesla Model 3 -- the company's entry-level vehicle -- lost most of its gains. The average price decreased from $44,987 to $42,633, a decrease of 5.2%.

  • This indicates an excess supply of owners seeking to trade and less than enthusiastic demand.

  • Americans seem deeply divided on the idea of phasing out gasoline-engined vehicles by 2035 and many are on the fence about whether they themselves would buy a major alternative: an electric car or a truck.

  • A recent Pew Research Center report found that 47% of US adults support a proposal to phase out gasoline-powered cars and trucks, while 51% oppose it.

  • A recent study by JD Power found that 80% of people who buy an electric car are happy with their car and said they would do it again.

  • “Taking the initial leap of confidence in owning a battery electric vehicle (BEV) proves to be very satisfying,” said Brent Gruber, senior director of global vehicles at JD Power.

  • "We know from our research that many consumers have concerns during the purchase thought process about aspects such as battery range and vehicle charge. However, once someone purchases a BEV, they pretty much become addicted."


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