Revenue Demand Modeling for Electric Vehicle (EV) Charging Infrastructure

Abstract: The National Electric Vehicle Infrastructure (NEVI) grant program, initiated under the 2021 Bipartisan Infrastructure Law (BIL), aims to accelerate the deployment of electric vehicle charging infrastructure (EVCI) across the U.S. by promoting public-private partnerships. With a $5 billion investment, the program seeks to install 500,000 EV charging stations by 2030, reducing range anxiety and encouraging EV adoption, especially for interstate travel. While NEVI covers 80% of installation costs for states, private partners will finance the remaining 20%, fostering collaboration to overcome the current inadequacy of charging stations, which impairs EV adoption and long-term economic and environmental sustainability.

This research project will develop a comprehensive framework for predicting EVCI demand and creating financial models to support infrastructure investment. By synthesizing national studies on EVCI deployment and assessing factors such as location, highway proximity, and nearby utilities, the project will propose a reliable demand estimation model for alternative fuel corridors. Furthermore, the study will analyze the broader socio-economic benefits of EVCI investment, including tax advantages for state departments of transportation (DOTs) and indirect community benefits. The research aims to produce a white paper providing guidance on demand estimation and evaluating the socio-economic impacts of EVCI development, complementing existing resources like the FHWA’s “Toolkit for Public-Private Partnerships for Electric Vehicle Charging Infrastructure.”