Electrify America, a subsidiary of Volkswagen Group of America, continues to lead the expansion of the electric vehicle (EV) charging infrastructure across the United States. As the demand for electric vehicles increases, the company’s 2024 plans and strategies are pivotal for ensuring EV drivers have access to reliable and efficient charging services. Here’s a good look at what to expect Electrify America’s goals, strategies, timeline, and investments throughout 2024 and beyond.
Electrify America’s Current Goals
Electrify America’s primary goal for 2024 is to enhance the accessibility and reliability of its EV charging network. By the end of the year, the company aims to expand its network to 5,000 chargers, marking a significant milestone in its efforts to support the growing number of electric vehicles on the road.
Additionally, the company will open larger charging stations and further integrate its Plug & Charge payment technology. This expansion is part of a broader vision to create the largest EV charging network in the United States, providing convenient charging options and DC fast charger infrastructure for all EV drivers.
To achieve this,the company plans to focus on several key areas:
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Electrify America’s Strategy
Starting in 2017, Electrify America began rolling out aten-year planto invest $2 billion in Zero Emission Vehicle (ZEV) infrastructure, access, and education programs in the US. Breaking this down into terms for 2024, Electrify America’s strategy is centered around three main pillars: network expansion, technological innovation, and customer satisfaction.
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Network Expansion
The company plans to strategically place new EV charging stations along major highways and in metropolitan areas. By doing so, Electrify America aims to reduce range anxiety for EV drivers and promote long-distance travel. The expansion will also include the addition of charging stations in underserved areas to ensure equitable access to EV charging infrastructure. By the end of 2024, the company plans to have a presence in 46 states, significantly increasing its network footprint.
Technological Innovation
Electrify America is investing heavily in advanced charging technologies. This includes deploying high-powered 350 kW chargers that can deliver up to 20 miles of range per minute of charging, significantly reducing wait times for drivers. Additionally, the company is exploring wireless charging solutions and energy storage systems to enhance the efficiency and sustainability of its charging network. Future technology pilots include the integration of solar canopies and battery storage systems to support grid resilience and sustainability.
Customer Satisfaction
To improve the customer experience, Electrify America is focusing on making its services more user-friendly. This involves simplifying the payment process, enhancing the functionality of its mobile app, and offering EV charging subscriptions for frequent users. The company is also committed to providing 24/7 customer support to assist with any issues that may arise at their charging stations. Enhanced customer support includes a dedicated helpline and on-site assistance services in high-traffic locations.
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What is the timeline?
2023 was a big year for Electrify America which made significant strides in expanding and enhancing its EV charging network. The company increased its total number of chargers to over 4,000 and saw customer charging sessions rise dramatically from 5.3 million in 2022 to 10.9 million, reflecting a 106% year-over-year increase. The network grew to over 900 stations across 47 US states, the District of Columbia, and six Canadian provinces, with new expansions into Hawaii and North Dakota for the first time. Additionally, Electrify America upgraded over 680 under-performing legacy chargers to its next-generation models, ensuring a more reliable and efficient charging experience for EV drivers.
So what is in the works for this year? Electrify America has outlined a detailed timeline for its 2024 initiatives, ensuring that each phase of the plan is executed efficiently and effectively.
Investment
Electrify America’s investment in its EV charging network for 2024 is substantial. The company has allocated over $500 million to support its expansion and technological advancement goals.
This investment will be used to:
Raising Capital
To support these ambitious plans, Electrify America has been actively involved in raising capital. The company leverages various funding sources, including private investments, government grants, and partnerships with automotive manufacturers. By diversifying its capital sources, Electrify America is trying to ensure a steady flow of funds necessary to maintain and expand its EV charging network.
Landing Contracts and NEVI Projects
Electrify America is also focusing on securing contracts that align with federal and state initiatives aimed at promoting electric vehicle adoption. One significant avenue is through the National Electric Vehicle Infrastructure (NEVI) program, which provides funding for the deployment of EV charging infrastructure. By participating in NEVI projects, Electrify America not only secures financial support but also contributes to the national goal of creating a robust and accessible EV charging network.
Some notable projects include:
Electrify America’s ambitious plans for 2024 demonstrate a strong commitment to making EV charging more accessible, reliable, and efficient for all drivers. With a goal to expand its network, Electrify America is working to alleviate range anxiety and promote long-distance travel for electric vehicle owners.
For current electric vehicle owners, this means more convenient and faster charging options across a wider geographic area. For general consumers and potential EV buyers, Electrify America’s efforts signal a growing infrastructure that supports the transition to electric vehicles, making it a viable and practical choice.
Whether you’re already driving an electric vehicle or considering making the switch, Electrify America’s 2024 plans represent a significant step forward in creating a dependable EV charging network that meets the needs of all users.
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