The January 2024 J.D. Power E-Vision Intelligence Report shows that interest in EVs (electric vehicles) has surged as EVs become more affordable and more widely available. In fact, the proportion of consumers who say they are "very likely" to conside an EV for their next vehicle purchase or lease is now 29%, the highest rate in 16 months. However, infrastructure to support widespread EV adoption is still a major challenge.
More EVs on the road means increased strain on an already overtaxed existing public charging infrastructure. Currently, 1 in 5 visits to a public charger end without charging, often due to reliability/lack of maintenance. Current J.D. Power EV Index data shows an infrastructure score of 24.5 out of 100 (a score of 100 means EV infrastructure is at parity to gas fueling customer experience).
Utilities have a critically important role to play in the growth of EV adoption and broader electrification across the country. However, in order for utilities to plan and effectively support the necessary infrastructure growth, they need data and insights for their specific service territories down to the zip code level. This information will help guide strategy and decisions to help meet EV demand today and into the future.