💡The increasing demand for electricity from electric vehicles puts strain on the aging electric grid.
🔌Grid infrastructure upgrades are necessary to support the electrification of transportation and the integration of renewable energy sources.
🌞Solar power, home battery storage, and bidirectional charging capabilities can help balance electricity demand and supply.
💰Significant funding is required for grid infrastructure expansion, but current funding falls far short of the necessary investment.
🌐Building new transmission lines and upgrading distribution grids face regulatory challenges and lengthy permitting processes.