The Department of Transportation has once again rejected Tesla’s application for funding to build a big-rig charging corridor. The company had requested nearly $100 million to construct nine electric semi-truck charging stations along a 1,800-mile route from northern California to the southern border of Texas. This snub comes as Tesla struggles to get its electric big rig program up and running, with only a few early versions of the Tesla Semi delivered to customers.
Forecast for 6 months: Tesla will continue to face challenges in securing funding for its electric big rig program, but may find alternative sources of capital to support its charging infrastructure plans.
Forecast for 1 year: The Biden administration’s priorities on electric vehicle adoption and charging infrastructure will lead to increased funding opportunities for companies like Tesla, potentially paving the way for a successful big rig charging corridor project.
Forecast for 5 years: The electric big rig market will experience significant growth, driven by government incentives and declining battery costs, with Tesla and other companies playing a major role in shaping the industry.
Forecast for 10 years: Electric big rigs will become the norm, with Tesla and other companies having established a robust charging infrastructure network across the country, enabling widespread adoption of sustainable transportation.
