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Electric Vehicle Infrastructure Economic Impact on Connecticut

This article explores the potential economic impact of electric vehicles and their infrastructure in Connecticut. It discusses the existing infrastructure, potential investments, incentives, and the role for the state, private sector, and non-profits. The article also highlights the existing Connecticut companies involved in the electric vehicle industry and the infrastructure possibilities that need to be developed, such as charging stations in residential, commercial, and public areas. Additionally, it suggests where efforts should be focused and potential benefits for Connecticut's economy.

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Electric Vehicle Infrastructure Economic Impact on Connecticut

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  1. Electric Vehicle Infrastructure Economic Impact on Connecticut Peter Gioia Kevin Hennessy CBIA June 4, 2010

  2. Introduction • Overview of electric vehicle industry in Connecticut • Existing Connecticut companies • Types of jobs • Impact of electric vehicle industry jobs in Connecticut • Type of investments needed • Incentives? • Role for the state, private sector and non-profits? • Next steps

  3. Existing infrastructure in Connecticut • Connecticut companies involved in Electric Vehicles: • Northeast Utilities • United Illuminating • Control Module • Subsidiaries: CabAire, Electric Vehicle Supply Equipment, Time Management, Fleet Management • Amphenol • Yardney • Blu Print Automotive Conversion

  4. Existing infrastructure in Connecticut • Connecticut has highly educated workforce • Ranked 3rd in U.S. with 15% of adult population with advanced degrees • Automotive supply companies strong in CT • Naugatuck Valley corridor • Strong research and development companies • Ranked 2nd in U.S. regarding industrial R&D share of GSP • Ranked 8th in U.S. for patents with 93.9 per 100,000 workers

  5. Infrastructure possibilities • Need to develop charging stations • Residential – home units • Commercial – retailers • Public – combat “range anxiety” • Market demand • Connecticut is mostly short commute focused • Densely populated state • Environmentally conscious

  6. Infrastructure possibilities • Tourist locations • Major state attractions – Mystic Aquarium/Seaport, Rentschler Field, Foxwoods and Mohegan Sun Casinos • Employers/Commercial Centers • Charging abilities in parking garages, parking areas • Use as tool to attract customers • Highway rest areas • Rapid charging stations, tourist information stations

  7. Where can we focus efforts? • Top growth industries in the US • Energy: 9% anticipated growth over next 10 years with job multipliers of 1.51 per worker • Electrical equipment: 6.7% growth • Semiconductors and other electrical components: 6.4% growth • High skill level positions • Technology and Science workforce in top 10 nationally • Workforce education ranked 4th nationally • High wages • Highest per capita income in the nation

  8. Where can we focus efforts? • Better leverage “R & D” tax credits for alternative energy/vehicles • Examine PILOT (Payment in Lieu of Property Taxes) program for manufacturers that produce components related to electric vehicles or infrastructure • Alternative Fuel tax credit or rebate • 30 states have already implemented something related

  9. Potential benefits • Re-focus efforts of automotive parts manufacturers to seize market opportunities • Shift building operations and component parts • Opportunity with Detroit downturn • “Green economy” emerging as strong segment of overall economy • CT Department of Labor tracking “green” collar jobs • Redefining job requirements • Expectations for growth through 2016

  10. Potential benefits • Size of Connecticut makes Electric Vehicles and its infrastructure realistic • Average battery range of 100 miles doable for most occasions • Create charging station corridor (similar to hydrogen highway concept in CA) • Utilize Connecticut’s geographic assets – proximity to New York City and Boston

  11. Where do we go from here? • CBIA Education Foundation is developing strategies to foster job growth and training for the green economy • CBIA, Northeast Utilities and United Illuminating created an energy consortium in 2009 • Goals include preparing a workforce for a “green” economy • Determine needs to address changing industry • Include Electric Vehicles in this effort to determine needs in a new and potential growth industry

  12. Where do we go from here? • Connecticut needs to be realistic about its investment and potential returns - Competition is everywhere! • Almost all states are looking to be leaders in alternative energy efforts • Cities across the nation are becoming active in alternative energy efforts too • Public Policy Needs? • Incentives and Grants • Public Charging Stations • Vehicles to market by end of 2010 – time to act is now

  13. Questions? Discussion? Contact Pete or Kevin Pete.Gioia@cbia.com, Kevin.Hennessy@cbia.com, 860-244-1900

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