Governor Abbott Promotes Free Market Solution For Electric Vehicle Charger Industry

May 30, 2023

Governor Abbott Promotes Free Market Solution For Electric Vehicle Charger Industry

Free market principles have built the Texas economy, unleashing a new generation of energy resources. As more drivers make the switch to electric vehicles (EV), it’s clear Texas needs a reliable, convenient, and customer-driven EV charging market. Governor Abbott has signed SB 1002/HB 3508 into law, which allows for free market competition and improved price transparency and service for Texas consumers by:

Restricting electric transmission, and distribution utilities from using ratepayer funds to subsidize their own EV charging stations.
Requiring any utility that does offer EV charging to only do so through a separate subsidiary.

This law levels the playing field and encourages a competitive market. Small business owners applaud Governor Abbott and the Texas Legislature for making it easier to invest in the next generation of technology.

Topics:

Uncategorized

State:

Texas

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