Verdict: False
Without a doubt one of the biggest fears spread amongst the general American population in regards to the electrification of the automotive industry is that the nation's electrical grid won't be able to handle it.
Without a doubt one of the biggest fears spread amongst the general American population in regards to the electrification of the automotive industry is that the nation's electrical grid won't be able to handle it. With nearly 3.5 million EVs on the road at the end of 2023, and a projection of nearly 26.5 million EVs by 2030, the demands for electricity are going to see a marked increase over the next five years. So, can the grid handle it? Using historic information and future projections, the answer is that it shouldn't be a problem at all, as trends dictate we'll see around a 1% increase in required electricity production per year, and the U.S. has seen a 3.2% average increase in production each year for several decades. That's not to say that work can't or shouldn't be done to improve the grid, but it should have no problems handling an influx of EV production over the next several years.
The federal credit is gone, but plenty of state and utility money is still on the table. It changes by state, so check yours.
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