Commercial Construction

Shares of EV startup Rivian (RIVN) are up over 14% Friday after Wedbush analyst Dan Ives upgraded his price target. Ives cited the EV maker is making “a major turning point” in its execution strategy, raising Rivian stock price target to $30 a share from $25. Rivian’s stock rally has lasted over a week, with share prices increasing over 80% since June 27, 2023.After shattering analyst estimates earlier this week, delivering 12,640 electric vehicles, and producing 13,992 […]

Great little graphic that sums it up… Source: US DOT

Interesting new report published by the US Department of Transportation: Source: https://www.transportation.gov/rural/ev The rapid growth in electric vehicles (EVs) today is part of a fundamental shift in transportation that promises substantial benefits to individuals, businesses, communities, and the entire Nation. All Americans, regardless of where they live, should have the opportunity to benefit from the lower operating costs, reduced maintenance needs, and improved performance that EVs provide. Similarly, all communities—including communities of color, underserved communities, and environmental […]

How electrification has the potential to undo decades of improvements in auto customer experience. The hype around vehicle electrification seems to be in hyperdrive. Much of the narrative surrounding it sounds like this:– Electric vehicles are coming! In the next two to three years, more EV models will be introduced in the U.S. than currently exist.– Consumers are ready! The 2022 Ipsos Mobility Navigator Study showed that interest in EVs has more than quadrupled in the US […]

Fear of drained batteries is a big barrier for many US drivers considering ditching gasoline-powered cars. ByDavid R BakerAugust 17, 2022 at 5:00 AM PDT Many US public charging stations fail to work when electric-vehicle drivers need them, according to a new J.D. Power report that underscores the Biden administration’s challenge in building out a network of stations nationwide. In a survey of more than 11,550 drivers, the firm found that one in five didn’t manage to […]

CNN—For those who really don’t want a long term commitment but who may try out living with an electric vehicle, Hyundai is starting a car subscription service. Hyundai’s new Evolve+ program is designed for the “EV-curious,” or for those who only need a car temporarily, like “snowbirds” who move to southern states just for a few months. Customers can reserve a Hyundai Ioniq 5 EV for $899 a month using a smartphone app, or a Kona Electric […]

In a major reversal, the US Postal Service (USPS) has announced that it will ensure that 75% of new vehicles purchased in the next several years will be electric. By 2026, that will increase to 100% of purchases. The USPS announced in a press release that it expects to acquire at least 66,000 battery electric delivery vehicles from defense contractor Oshkosh as part of its 106,000 vehicle acquisition plan for deliveries between now and 2028. Further, 21,000 […]

Why EVSEs will offer a new revenue stream for the construction industry. Electric vehicle supply equipment (EVSE) installations will offer a new revenue stream for the electrical construction industry, but electrical contractors need to first see if the local power distribution system can support the significant new electrical load. Electric vehicles (EVs) and the business opportunities they represent for electrical contractors may seem like a relatively new revolution. But Mike Johnston, NECA executive director of codes and […]

Global Demand of Electric Vehicle Supply Equipment Market Size & Share to Surpass USD 210 Billion by 2028, at a 33.2% CAGR | EVSE Industry Trends & Forecast Report by Facts & Factors TOKYO, JAPAN, March 22, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Electric Vehicle Supply Equipment Market By Type Of Charging (Level-1, Level-2, and Level-3), By Type Of Charging Station (Inductive, Super, and Normal), By Type Of Setup (Portable […]

NECA’s 2022’s educational program was loaded with content on building a business in EVSE installations. This session covered pre-installation planning. In the NECA 2022 seminar, “The Evolving EV Industry and Electrical Infrastructure Needed,” attendees got some solid tips on preparing for an EVSE installation. Andrew Taddoni, director of business development and product development for Leviton’s EVSE business and Will Lammey, associate product manager, for Leviton’s EVSE, Commercial and Residential unit, said with the number of electrical vehicles […]

New publication by McKinsey: As millions of electric vehicles hit the roads in the next decade, the need for fast charging will grow rapidly. To win in this already competitive market, providers must differentiate themselves. Sales of battery-electric vehicles (BEVs), the main driver of demand for charging infrastructure, are expected to grow by more than 25 percent annually through 2030, when about 120 million passenger BEVs will be sold.1That growth will be driven by declines in battery prices […]