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Re: 3xBuBu post# 418

Thursday, 03/10/2022 9:40:21 PM

Thursday, March 10, 2022 9:40:21 PM

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Exelon Executive: EV Charging Rollout Requires State, Utility Cooperation
https://ih.advfn.com/stock-market/NASDAQ/exelon-EXC/stock-news/87523243/exelon-executive-ev-charging-rollout-requires-sta

Building a national U.S. highway network of electric vehicle charging stations will take utilities working closely with states when federal funding becomes available, said Calvin G. Butler Jr., chief operating officer of Exelon Corp.

The roughly $1 trillion federal infrastructure bill approved by Congress last year included around $5 billion for high-use corridors that connect the entire U.S. and ease driver anxiety about recharging on road trips.

"Some states are very effective and have already set up an infrastructure to receive those block grants. And they're ready to roll," said Mr. Butler at the CERAWeek by S&P Global energy conference.

If utilities do not "lean in" to the process, "the build out may not be as quick and therefore not as efficient," he said.

More than 50 utilities have joined the National Electric Highway Coalition to try to provide charging along major highways by the end of 2023.

Write to Jennifer Hiller at jennifer.hiller@wsj.com


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