Grid

There are currently ten large companies building new facilities to produce batteries for EV's in the US. This is at a time when the grid is under stress from current usage. Add to that the industrial expansion expected by reshoring and the vast new demand coming from data processing centers needed by the big social media companies and the $64,000 question is where are these EV's going to plug in. The problem is already well known as the $7.5 billion set aside in the Infrastructure Bill to create 500,000 charging stations has built only 7 in the three years since the bill was passed. Adding to the problem is that the original excitement about EV's is losing steam and 48% of EV owners say they are going back to gas cars. Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans. This lack of power on the grid can be overcome by building small nuclear reactors and placing them at various high use points along the grid.