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The Impact of The Charging Pile Policy In The USA-Max Power

On Wednesday, Eastern Time, the Biden administration issued final rules requiring federally funded electric vehicle charging piles to be produced in the United States. Electric vehicle regulations also require that 55% of the cost of charging piles need to come from American components starting in July 2024. At the same time, Tesla will open charging services to other car models.


The Biden administration hopes the new rules will usher in a new paradigm for the U.S. electric vehicle charging network, seeking to give consumers unrestricted access to a growing network of electric vehicle charging stations across the country, including Tesla Inc.'s Superchargers.

The new regulations require companies that use federal funds to build charging piles to adopt the main charging connector standard in the United States, the Combined Charging System (CCS).

The Biden administration has said Tesla, the largest U.S. electric carmaker and charging company, plans to adopt the CCS standard and expand beyond its proprietary connector offerings.

The national network of electric vehicle charging stations is a core part of Biden's climate change plan. He plans to convert 50% of new cars in the United States to electric vehicles by 2030, and plans to install 500,000 electric vehicle charging piles across the country in the next few years. Advocates argue that the lack of EV charging stations on U.S. roads is a significant drag on the growth of EV sales and positive environmental impact.

Regarding the plan to produce charging piles in the United States, relevant manufacturers warned before the release of the new regulations that prematurely requiring localization of components may inhibit the expansion of charging networks.

In comments to the U.S. Department of Transportation, U.S. states and companies warned that global demand for stations such as solar electric charging stations is putting pressure on supply chains, making it difficult to meet U.S. manufacturing standards and speed up the construction of new charging stations.

White House National Climate Advisor Ali Zaidi said that under the Biden administration, the number of electric vehicle models offered to consumers has doubled, as have the number of charging stations and sales of electric vehicles.


Policy Analyzing:


1. Effective immediately: All subsidized chargers must be produced in the United States, and the specific link is the production and assembly of the casing. ——Not all components must be produced in the United States, and components, modules, etc. can be exported. For example, the export of modules from Tonghe Technology will not be affected.

2. Beginning in July 2024, more than 55% of the cost will be produced in the United States. ——Module costs account for about 40-50%, and will face certain pressure, so the future solution should be to build a factory in the United States. For example, Daotong expects that the U.S. factory will be put into operation in October 2023, and the companies that do the U.S. market will most likely leave The path of building factories in the United States, the purpose of the US policy is to revive the manufacturing industry.

Market impact: 


On the whole, all pile companies including Max Power Technology have expectations and preparations for this policy. After last year's IRA Act stipulated the proportion of the battery industry chain, it has been speculated that there will be regulations on the localization ratio of charging piles. There will be no short-term impact on companies exporting modules and components to the United States, and there will be pressure after 2024. In the short term, it will have an impact on the entire company exporting to the United States, but because the assembly of charging piles is relatively light in assets, it can be solved by quickly building factories in the United States.


The Impact of The Charging Pile Policy In The USA-Max Power

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On Wednesday, Eastern Time, the Biden administration issued final rules requiring federally funded electric vehicle charging piles to be produced in the United States. Electric vehicle regulations als...

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