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TVA is paving the way for additional EV’s

If you begin to see more charging points in Tennessee, don’t be shocked. As per the Tennessee Valley Authority, only about 13,000 electric vehicles (EVs) travel the Tennessee Valley Route. Last month, the public power corporation made a crucial change in the hope of growing the amount, a move that won an environmental group’s TVA applause. The TVA board passed a new commercial rate system in mid-November only for Electric Vehicle charging stations. The vote was meant to help the region-wide extension of EV charging networks, eliminating a significant hurdle for customers to purchase more EVs, perhaps.

The barrier is generally referred to as “range anxiety.” It is the fear that the battery of an EV will drain out before the user makes his destination or identifies another charging point. As per ChargeHub, almost 80 Tennessee cities currently have charging points. Memphis boasts of 113 charging stations as well as 52 of them (46%) provide free charging. There are 325 stations in Nashville, 107 in Knoxville, and 107 in Chattanooga. According to a survey by the ICCT (International Council on Clean Transportation), nearly 320,000 new electric vehicles were sold in the United States in 2019, making the region the third largest Electric car market globally. 

Half of those cars were registered in California, and in San Jose, California, 20% of those were sold. Of the number, Memphis revenue accounted for about 0.5%. According to the study, charging technology remains a challenge but is improving. The ICCT report reads: “With the estimated compound annual growth at 30% across the 50 metropolitan regions, the deployment of charging infrastructure is in accordance to meet the projected charging gap by 2025.” There is probably a minimum of 450 public chargers for every million residents in places with the largest electric car shares. Half of the American population resides where charging is not more than 50% of the same benchmark.”

On TVA’s website, Drew Frye, the program manager for the Electric Vehicles EVolution campaign of TVA, stated that other challenges to Electric vehicles adoption in the valley had included lack of funding from both the state and local governments as well as local utilities, electric car affordability, and overall market perception of EVs. “In order to reduce or eliminate each of these obstacles, TVA is focusing on what we action we should take,” Frye stated. “We will start by developing regulations that focus on the Electric car rate as a distinct and separate class and create the latest, the monetary, stable rate for all those constructing charging points, something that we can do rapidly as a regulator in our position.”

Carving out the commercial rate for Electric Vehicles charging stations would encourage the 153 local power utilities of TVA to conveniently offer quick charging as well as the capacity of private firms to resell power to and run the fast chargers that they own. To put it plainly, this step opens the door to the construction of quicker charging stations around the TVA’s service area.