While battery sales have been improving in recent months they slowed unexpectedly in November despite the surge in the overall U.S. automotive market. While analysts will likely debate what this specific setback means, even electric vehicle proponents acknowledge sales are being constrained by two key challenges: price and range.
It’s likely to take some time – and some significant developments to lower costs and increase the capacity of today’s lithium-ion battery technology. But a Texas-based start-up is betting it can help overcome the issue of range anxiety by setting up a network of high-speed chargers dubbed “Freedom Stations.”
“We think we can overcome the issue of range anxiety and provide EV owners range confidence,” says Terry O’Day, the director of California Business Development for eVgo.
A new subsidiary of Houston-based power company NRG, eVgo wants to install nearly 400 – and possibly more — high-speed Level III chargers in Texas, California and along the Mid-Atlantic region.