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Where U.S. Policy Stands When It Comes to EVs3 min read

Oct 7, 2022 3 min
Secure Parking Before Buying a Car

Where U.S. Policy Stands When It Comes to EVs3 min read

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Climate change is a concern all over the world. The major burden of carbon production rests on the shoulders of first-world nations like the U.S. In light of this, the shift from traditional cars to Electric Vehicles (EVs) is welcome due to their decreased carbon footprint. But that’s not the only reason.

Russia’s invasion of Ukraine has spiked gasoline prices, and the average cost of gasoline reached its highest ever this year in the U.S., $4.17/gallon, to be exact. With more than 80% of Americans owning cars, they are bound to feel the nation’s isolation from Russia, the largest exporter of petroleum.

The U.S. Policy On EVs

The U.S. can only benefit from EVs for two primary reasons, which is why policymakers are taking steps to accelerate the transition to electric vehicles. Firstly, increased EV ownership saves the public from feeling the spiked oil prices and decarbonizes the U.S. transport industry, which accounted for 27% of carbon emissions in 2020, more than any other sector.

The Biden administration has concreted a shift to electrification as a primary goal of its policy, and rightfully so. EVs produce significantly lesser gas emissions and lower the public dependency on gasoline, which targets two birds with one stone.

The current U.S. government and democratic allies believe in the pressing climate change concerns, an urgency lost on republicans. In a counteroffer, the republican parties offer a $4 billion budget for electric mobility, far lower than Biden’s proposal of $174 billion for EV initiatives and tax incentives for EV drivers. But there has been a stark improvement in the Republican view on EVs – they may be coming around and accepting it as the future.

Biden ruled to finish the sale of gas-powered vehicles by 2035 to direct the public toward EVs. This order is in line with the mandate to reduce carbon emissions by 65% by 2030 and reach the net-zero emissions goal by 2050. In addition, Biden also pledged to replace the U.S. government’s existing fleet with EVs.

All this is redundant without EV charging stations, which is the government’s next goal. The U.S. Department of Transportation recently approved all 50 states’ plans to build EV charging stations along the highways. This agreement also means that $5 billion of federal spending will be dedicated to expanding the network of charging stations. These efforts aim to lower the U.S.’s contribution to oil and gas production, the precursor to climate change.

EVs and The Future Generations

Research shows that the younger generations are more psyched to buy EVs than older generations like baby boomers. The upcoming American generations are more up-to-date with the impending doom of global warming.

In light of this, they are naturally more receptive to the idea of EVs. 33% of millennials would buy an EV next, with 77% driven by their desire to avoid paying the raging fuel prices. This is followed by 51% of Gen X and 22% of Gen Z, who would be open to buying EVs.

Also Read: Florida Leads the EV Charging Revolution in the US

Join the EV Revolution

With future generations eagerly looking toward affordable and sustainable EV models, it is clear that the future is electric! If you’re a parking operator looking to upgrade your locations, offering EV charging as a value-added service is a great idea for futureproofing your business! With GMP EV, you can offer value-added services like EV charging through a custom-branded parking app or web app! Here’s why you should choose GMP EV to transform your parking lot into a mobility hub:

What are you waiting for? Contact for a free demo or check GMP EV out on our website!