UPDATED: The Tennessee Valley Authority (TVA) and the Tennessee Department of Environment and Conservation announced Wednesday they are partnering to develop a statewide electric vehicle fast charging network to power the growth of EVs across Tennessee and reduce barriers to transportation electrification.
“This investment in electric vehicle charging infrastructure is a monumental step forward, and I’m proud that Tennessee is leading in this important effort,” Tennessee Gov. Bill Lee said. “With TVA’s partnership, we will be able to continue our work to protect our environment and improve our transportation infrastructure.”
“Innovative partnerships with state agencies like TDEC and our local power companies are essential in developing one of the nation’s most comprehensive EV fast charging networks, starting in Tennessee,” TVA President and CEO Jeff Lyash said. “Through this partnership, TVA is positioned to be a national leader in electric transportation by making it easier for local power companies to install fast charging stations, which make electric vehicles an easy choice for consumers to make.”
A network of public fast charging stations will promote EV growth by giving drivers more confidence that they’ll have easy access to refueling while they’re away from home, eliminating so-called “range anxiety” that keeps many consumers from considering EVs a viable option.
TVA, the nation’s largest public power provider, says EV adoption will spur jobs and economic investment in the region, keep refueling dollars in the local economy, reduce the region’s largest source of carbon emissions, and save drivers and fleets money.
“This agreement shows TDEC’s ongoing commitment to a clean environment,” TDEC Commissioner David Salyers said. “This is an exciting development for Tennesseans, and we are pleased to partner with TVA on this project that will benefit rural and urban communities alike.”
TDEC and TVA will leverage various funding sources to support the development of the fast charging network with an anticipated project cost of $20 million. TDEC has committed 15 percent, the maximum allowable, of the State’s Volkswagen Diesel Settlement Environmental Mitigation allocation to fund light-duty EV charging infrastructure. Approximately $5 million from this fund is expected to be allocated to fast charging infrastructure along corridors. The remainder of the project will be funded by TVA, other program partners, and program participant cost share.
The agreement reflects recommendations outlined in the Tennessee Statewide EV Charging Infrastructure Needs Assessment, conducted in 2019 by Drive Electric Tennessee, a consortium that includes TDEC, TVA and the Tennessee Department of Transportation. The agreement will support Drive Electric Tennessee’s goal of 200,000 light-duty EVs in Tennessee by 2028. As of December 2020, 11,034 light-duty EVs were registered in Tennessee.
TVA is working with a group of local power companies to design a charging station experience convenient for drivers, located close to major highways, and featuring access to amenities that drivers expect.
To learn more about this partnership, the Memorandum of Agreement, and Tennessee’s Volkswagen Diesel Settlement Environmental Mitigation Trust Beneficiary Mitigation Plan, visit tva.com/ev and http://tn.gov/EVfastcharge.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies, and state and local governments, with economic development and job creation.
The Tennessee Department of Environment and Conservation exists to enhance the quality of life for citizens of Tennessee and to be stewards of our natural environment by protecting and improving the quality of Tennessee’s air, land, and water through a responsible regulatory system; protecting and promoting human health and safety; conserving and promoting natural, cultural and historic resources; and providing a variety of quality outdoor recreational experiences.
The Tennessee Department of Environment and Conservation (TDEC) and the Tennessee Valley Authority (TVA) will officially announce on Wednesday, Feb. 3rd, their new partnership to develop and fund an electric vehicle fast charging network across Tennessee.
Through the development of an electric vehicle (EV) fast charging network in Tennessee, TVA and TDEC seek to reduce transportation electrification barriers and further the Drive Electric Tennessee goal of 200,000 EVs in Tennessee by 2028.
In addition to partnering with TDEC in Tennessee, TVA is working with other agencies to deploy an EV fast charging infrastructure across its entire seven-state service area.
In November of 2020, the TVA Board of Directors took the first step toward increasing EVs in the Tennessee Valley by approving the development of a new commercial rate structure intended to support the expansion of EV charging infrastructure across the region.