Electric vehicles are a business opportunity in Texas

DALLAS — Seven months after Congress handed the infrastructure invoice and President Joe Biden signed it into regulation, the {dollars} are starting to circulation into Texas.

Over the following a number of years, Texas will obtain a whole bunch of hundreds of thousands of {dollars} from the federal authorities to enhance the electrical car (EV) infrastructure in the state.

The particular purpose is to position an EV charger each 50 miles alongside most interstate highways and important corridors. It can be sufficient to assist a minimum of a million electrical vehicles.

And, U.S. Secretary of Energy Jennifer Granholm says it’s an opportunity not just for personal business, but additionally for state utilities.

“A lot of utilities are seeing the electrification of the vehicles as an opportunity to provide resilience to the grid. Because what you’re doing, of course, is adding batteries and energy storage onto the grid as well as using the grid when you’re charging,” Granholm stated on Inside Texas Politics. “So, if you can sell electrons back and forth from the grid using those batteries, that’s a huge opportunity.”

Granholm says Tesla, which not too long ago moved its headquarters to Austin, is doing simply that in its earlier house of California. The EV producer joined with that state’s energy utility, PG&E, and created a digital electrical grid.

But, there’s loads of concern in Texas that our grid isn’t prepared for the EV revolution.

Granholm says Texas isn’t alone in that fear.

“It’s not just Texas. Every state is going through this same assessment in that, you know, it’s not a light switch that you flip on. It is going to happen over time,” she advised us.