EU Parliament Approves Two Laws to Improve EV Charging

The European Parliament has adopted two rules that would significantly improve electric vehicle charging by increasing the availability of charging infrastructure, boosting charging speeds and simplifying the payment process. Legislators in the United Kingdom are also working on new legislation to boost the reliability of public charging stations and make payments easier.

As it stands, insufficient public charging infrastructure, unreliable charging stations and complex payment processes are among the key reasons currently holding back EV adoption in the EU and around the world. As electric vehicle sales continue to grow, the European Union will need a much larger and more reliable system of public chargers to support the increasing number of EVs on the road.

The European Parliament plans on fixing the charging infrastructure problem via a set of new rules that are part of the EU’s “Fit for 55” package, a proposed package meant to help the region cut down greenhouse gas emissions by 55% by the end of the decade.

The new EV charging rules in the EU could potentially improve public-charging experiences for EU drivers and trickle down to electric vehicle markets in other countries. The regulations would apply to the EU’s entire network of arterial roads and outline mandated distances between public-charging stations along major roads as well as minimum charging speeds.

According to the new legislation, there must be public chargers with an output of at least 400 kW on every 60 km (37 miles) along primary roadways by 2026. Furthermore, the minimum power output on these stations will increase to 600 kW in 2028. In addition, depending on the route, there must be charging stations with a 1.4 to 2.8 MW output for electric buses and trucks. A higher density of fast chargers will reduce wait times at charging stations and go a long way toward alleviating range anxiety.

The new rules will also mandate that charging networks incorporate simpler payment systems such as contactless devices or cards into their operations rather than downloading apps and signing up for subscriptions. Finaclly, the EU region plans on building a public database of all charging stations along major roadways with information on wait times, availability and pricing by 2027 to make it easier for electric vehicle owners to plan their trips.

The new rules will also mandate that charging networks incorporate simpler payment systems such as contactless devices or cards into their operations rather than downloading apps and signing up for subscriptions.

Meanwhile, legislators in the UK have proposed legislation that would mandate 99% charging infrastructure reliability, contactless payments, clear price displays, and database and payment requirements similar to the recent EU rules.

As these laws take effect, manufacturers such as Rivian Automotive Inc. (NASDAQ: RIVN) are likely to see an uptick in the uptake of their models as motorists realize that their concerns about charging infrastructure have been addressed by governmental and private actors.

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