Show an ad over header. AMP

I am the FIRST

Biden wants 500,000 EV charging stations. Here's where they should go

Fewer than 10% of Americans have easy access to an electric vehicle charging station, and those who do tend to be wealthy and white.

Why it matters: The Biden administration wants EVs to comprise 50% of all new car sales by 2030, an ambitious target that will likely require broader consumer incentives. But if electric vehicles are going to achieve mass market adoption, people also need to be able to find charging plugs.

  • While most early buyers of EVs have chargers at home, it's not so easy for renters or people who live in multi-unit dwellings to find a place to plug in.

Where it stands: The U.S. has 104,000 public charging plugs available today, just 18% of which are so-called "Level 3" or "DC fast chargers," which can replenish an EV battery in an hour or less.

  • President Biden wants to see an additional 500,000 public charging stations deployed nationwide to support his EV ambitions.

The good news: There's an expected $7.5 billion for EV charging included in the $1.2 trillion “hard” infrastructure package currently being debated in Congress.

Driving the news: A new analysis of EV charging access in the 50 largest U.S. cities could help authorities decide where to put those plugs to optimize public access.

  • The report by location analytics firm, and funded by the Toyota Mobility Foundation, studied demographic data, EV ownership and existing charging locations to see which U.S. households have convenient access to public charging and which do not.

What they found: Only 9.7% of households in U.S. cities have access to a public EV charging station within 1/4 mile (or a 5-minute walk) from home.

  • Wealthy households have better access in some populous cities like New York and Chicago. But in many other cities, lower-income households live closer to charging in downtown areas.
  • Black and Latino communities have significantly fewer charging stations than white neighborhoods. In Baltimore, Atlanta, Washington, D.C. and Boston, for example, the percentage of Black people living within a 5-minute walk of a charging station is at least 20% lower than in the rest of the city.
  • More charging equity is needed, the study found. If charging stations were deployed at each of the 169 Baltimore City Public Schools, for example, it would provide access to 158,000 more residents, narrowing that racial gap.
  • The U.S. has 18.5 EVs per charging plug today, but international benchmarks suggest one charger is needed for every 10 to 15 EVs. Even in California, the leading U.S. market for electric cars, EV adoption is outpacing charger deployment in some cities.

The catch: EVs are still more expensive on average than conventional vehicles, so closing the charging gap is only one step to a more equitable electric vehicle future.

The bottom line: There aren't enough EV chargers, and many cities don't have them in the right places, with Black and Latino neighborhoods having the least access.

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

Keep reading... Show less

Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

Keep reading... Show less

Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

Keep reading... Show less

Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

Keep reading... Show less

"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

Keep reading... Show less

What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

Keep reading... Show less



Get Goodhumans in your inbox

Most Read

More Stories