The electric vehicle (EV) industry is on the cusp of a major expansion, driven by two key factors: government incentives and a skilled workforce.
A recent proposal by the Treasury Department aims to significantly reduce the cost of installing EV chargers through tax credits. For businesses, this tax credit could be worth up to $100,000 for individual charging ports. The newly proposed rule would make EVs more accessible to a wider range of consumers. This increased accessibility is expected to lead to a surge in EV adoption, bringing us closer to a cleaner future.
At the same time, the U.S. Department of Energy (DOE) is taking steps to cultivate a skilled workforce for the battery and electric vehicle industry. Their Battery Workforce Challenge Program will establish regional training hubs across the country, with the first pilot hub kicking off in Michigan. This program will provide educational and training activities for students at all levels, including technicians, electricians, skilled workers, and engineers. It will ensure a pipeline of qualified workers to meet the demands of the growing EV industry. Through the 2024 U.S. Energy & Employment Jobs Report, DOE showed an increase of 4.2% in clean energy jobs in 2023.
These two initiatives working in tandem paint a bright picture for the future of EVs. By making them more affordable and fostering a skilled workforce, the government is paving the way for widespread EV adoption. This will not only benefit consumers with cleaner transportation options but also create new jobs and economic opportunities.
Big Shine Energy’s turnkey solution can help you make the implementation of EV charging stations less daunting for your business. Our team can help you pair your EV charging station project with a solar PV system to offset your increased energy consumption. The EV industry is charging forward, and now is the perfect time to jump on board.
