May 29, 2019

GM and Bechtel plan EV fast-charging network

Reproduced from an IEA chart; Chart: Axios Visuals

General Motors and Bechtel, the country's largest construction company, are forming a new venture that will build thousands of electric vehicle charging stations around the country.

Why it matters: EVs account for just 1% of vehicle sales in the U.S., partly because consumers are concerned about whether there will be enough places to charge them.

  • Adding more fast-charging stations could boost EV sales, notes CNN, which was first to report the deal.
  • As seen in the chart above, the International Energy Agency's annual global look shows the numbers of EVs on the road are steadily growing.

Details: Many of the new fast chargers will be in densely populated urban areas, serving apartment dwellers, rather than along highways where most fast chargers are clustered today.

  • "The way we think about it, we want to put chargers where they're going to have the greatest influence on EV adoption wherever that may be," Mike Ableson, GM's VP of EV infrastructure and charging, told CNN. "I believe a lot of those are actually going to be in urban areas."

What to watch: Neither company plans to put money into the project, however, and it's not clear who's going to pay for the network, per CNN.

Go deeper: Billion-dollar bets on electric vehicles await payoff

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Trump to install loyalist Ric Grenell as acting intelligence chief

Photo: Sylvain Gaboury/Patrick McMullan via Getty Images

President Trump confirmed in a tweet Wednesday night that he will install Richard Grenell, the current U.S. ambassador to Germany and a staunch defender of the president, as the acting director of national intelligence.

Why it matters: The role, which was originally vacated by Dan Coats in August 2019, is one of grave responsibility. As acting DNI, Grenell will be charged with overseeing and integrating the U.S. intelligence community and will advise the president and the National Security Council on intelligence matters that concern national security.

Go deeperArrowUpdated 13 mins ago - Politics & Policy

What to watch in the Nevada debate

Photo Illustration: Eniola Odetunde/Axios. Photos: Cengiz Yardages and Mario Tama/Getty Images

Michael Bloomberg's wealth will fuel rather than shield him from tests and attacks when he makes his Democratic primary debate debut on the stage tonight in Las Vegas.

The state of play: Bernie Sanders is still the front-runner. So the other candidates must weigh which of the two presents a bigger threat to their viability: Sanders, with his combined delegate, polling and grassroots momentum? Or Bloomberg, with his bottomless budget?

Go deeperArrowUpdated 19 mins ago - Politics & Policy

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