electric vehicle infrastructure economic impact on connecticut peter gioia kevin hennessy cbia june...
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Electric Vehicle Infrastructure Economic Impact on Connecticut
Peter GioiaKevin HennessyCBIAJune 4, 2010
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
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
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
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
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
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
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
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
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
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
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
