Tesla is preparing to profit from Biden’s $7.5 billion donation for the construction of electric vehicle charging stations

Electric car manufacturer Tesla Said it would change its business model and make it Toll With Congress making final changes to its infrastructure bill this fall, the station is open to cars from all manufacturers, not just their own cars.

Platform neutrality is a key requirement of the Infrastructure Act, which allocates US$7.5 billion to start building a broad network Toll port. The goal of the Biden administration is to keep the country’s roads away from fossil fuels.

TeslaThis move signals the hope that there will be an internal track to collect large amounts of taxpayers’ money.

Tesla Did not respond to a request for comment.

As planners outline how the $7.5 billion will be used, analysts are guessing who will get a share of the pie.

Leading candidates include automakers and utility companies, who have strong funding, relationships and expertise Toll station.

Green energy advocates say that details are not as important as the symbolic significance of taxpayers’ capital injection of US$7.5 billion. They hope that this investment will give the public a lasting commitment to ending the country’s high fuel consumption habits.

“It’s like a chicken or an egg. If there are no more electric cars, people will not buy electric cars Toll Station,” said founder and CEO Michael D. Farkas. Flash charging. His company is building electric car charging places for drivers across the country.

Thomas J. Pyle, director of the Free Market Energy Institute, said the government should ignore chickens and eggs. He said that companies hoping to benefit from the transformation of the auto industry should pay the bill.

“If it is really an emerging technology, then the market signal should be a signal for Tesla’s investment in infrastructure,” Mr. Pyle said.

He said that government orders may try to pick winners from the available technology options, thereby distorting decision-making. He said that consumer demand should drive where and what type of charger to build.

The legislation will provide funding to deploy electric car chargers along highway corridors to facilitate long-distance travel and provide convenience within the community Toll A White House fact sheet says where people live, work and shop.

Many decisions have not yet been made.

This $7.5 billion was stuffed into the $1.2 trillion infrastructure bill signed by President Biden last month.In addition to requesting government funding, the language does not specify when, where, and how the network will be built Toll The site is publicly accessible, not proprietary.

The Department of Energy, and perhaps the state that manages most of the federal funds, will also have to decide on specific types of power stations. The level 2 connection takes several hours to fully charge the battery, but the DC fast charger can fully charge the battery in just one hour.

The Department of Energy lists approximately 45,000 members of the public Toll Stations with more than 120,000 ports in the U.S.

Approximately 41,000 sites have Level 2 connections, and 5,600 sites have DC fast chargers.

Carla Bailo, president and CEO of the non-profit automotive research center, said that further research is needed to find the best way to use the funds.

“Don’t worry. You got it right,” she said.

Whole Foods and other stores and Walmart Is working with blink Install places with other companies so that drivers can charge electric cars while shopping.

Most car owners charge their electric cars overnight at home. A fully charged car can travel about 200 miles. Unless they travel long distances, owners are likely to use their chargers at home.

If it’s fast–Toll Mr. Farkas said that the stations built to give drivers peace of mind are empty, but for the industry, this scene will be a “white elephant”.

Edward Sanchez, a senior automotive analyst at Strategy Analytics, a global consulting firm, said that the U.S. Department of Energy estimates that 40% of U.S. drivers do not have a garage or other place to recharge their cars at home.

Mr. Sanchez and Mr. Fakas said that subsidies for charging stations that can charge vehicles within two to six hours may be more important.

Mr. Farkas said that the federal and local governments no longer pre-appropriate funds for construction Toll Station, but reimbursement to the company only after installation.

He admitted that taxpayers’ money can go to companies that could have been funded Toll Location, but infrastructure funding will enable them to build more.

Ms. Bailo said that the United States lags behind European and Asian countries in developing electric vehicles, and companies around the world have been investing billions of dollars to meet demand.Almost every car manufacturer is developing electric vehicles and will benefit from more Toll Station, she said.

Ms. Bailo said that the current production cost of electric cars is higher, so manufacturers cannot get that much profit from them. With the transformation of automobile companies, production costs are expected to change in the long term.

Ms. Bailo said that some gasoline companies are installing battery chargers and turning them into “energy stations.”

No matter which company ultimately wins government funding, critics say that the losers are taxpayers—especially those companies that are at a lower economic level. For them, city buses and subways are more than a $45,000 Tesla. Realistic mode of transportation.

“The Democrats are prepared to spend billions of dollars on electric vehicles and electric vehicle infrastructure. This is a gift from taxpayers to the wealthy,” said Jack Herettik, a Republican spokesperson for the House Energy and Commerce Committee. “The Democratic Party’s electric car agenda is to transfer wealth from American workers who cannot afford electric cars to the rich.”

Mr. Biden did not let these criticisms ruin his dreams.

“We will build the first nationwide network in history Toll Stations across the country-more than 500,000 of them. …So you will be able to traverse the whole damn country, from the east coast to the west coast, just like you are parked at a gas station now,” he said last month.

An analysis by Alix Partners, a global business consulting firm, shows that the president’s dream is not big enough. Alix found that if the penetration rate of electric vehicles continues to grow, then Toll By 2030, the national quota must be increased to 1.5 million.

Analysts believe that if lower electricity prices are taken into account, the cost of buying and owning an electric car may be roughly the same as that of a car with an internal combustion engine.

Akshay Singh, head of the industrial and automotive industries at PricewaterhouseCoopers in the United States, said that the Democrats can prove that the tax credit of $12,500 per car they proposed in the looming budget bill should be used Toll Because electric cars will become more affordable.

He said: “7.5 billion US dollars is not much, but it is a good start.”

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