Key Market Insights on EV Charging Station
In the United States, a wide variety of businesses provide public EV charging stations. The number of people with a substantial network is much smaller, though. Additionally, few provide DC Fast Charging stations, the only ones that are useful for long drives with electric cars. Though there are certainly exceptions, EV owners should ideally be able to charge their vehicles most of the time at home and save rapid charging for long drives.
A Level 2 charging station won’t get an individual topped off and back on the road quickly, but the great majority of EV charging stations in the country are of this type. Level 2 charging facilities are fine if we have some downtime. The majority of EV owners utilise Level 2 to charge their vehicles when they are parked at home, at work, or in the hotel.
It’s crucial to remember that numerous businesses, manufacturers, and even the American government are announcing expansive plans for the establishment of new public charging infrastructure. However, since these plans aren’t always centred on DC Fast Charging stations, they may generate confusion. Fast-charging stations are preferable, but adding more public Level 2 charging infrastructure is debatably counterproductive.
There are presently more than 46,000 public EV charging stations in the United States, with a total of more than 115,000 individual (EVSE) charging ports, according to the Alternative Fuels Data Center of the U.S. Department of Energy.
About 41,000 Level 2 stations with more than 91,000 charging ports are included in the total number of charging stations. Only 6,000 DC Fast Charge stations with 23,000 charging ports are present, nevertheless. As we can see, although there are an increasing number of public EV charging ports in the United States, most of them are Level 2 ports that cannot support fast charging.
a.) Which Company Has the Most Ports and Charging Stations?
By a wide measure, ChargePoint has the largest EV charging network in the United States. In actuality, the business features an astounding 30,000 stations with over 47,000 different charging ports.
The next-closest competitor, Tesla, has a little more than 25,000 charging ports and fewer than 6,000 station locations. The majority of ChargePoint stations are Level 2, despite the fact that the bulk of Tesla charging connections are Superchargers (DC Fast Chargers).
Additionally, there are over 15,000 charging connections at almost 8,000 non-networked EV charging stations in the United States. Once more, almost all of these ports are Level 2 ports. ChargePoint, Tesla, or the non-networked charging stations have far more locations and charge points than any other public charging infrastructure provider.
b.) Which Organization Has the Most Ports for DC Fast Charging?
While ChargePoint has a sizable advantage in terms of the overall number of charging ports and stations in the U.S., it is well behind Tesla in terms of the number of fast-charging locations. In addition, ChargePoint is not the only business having DC Fast Charging connectors.
The U.S. Department of Energy reports that Tesla has over 13,000 fast-charging ports at over 1,300 Supercharger locations across the country. The following in line, with around 750 stations and 3,300 fast-charging ports, is Electrify America. Though ChargePoint has more over 1,700 total fast-charging sites versus EVgo’s 840, the two companies are virtually tied for third with over 1,700 DC Fast Charging terminals each.
c.) What Infrastructure Charging Plan Does the US Government Have?
The initiative, according to U.S. government authorities, is to assist states in setting up a network of EV charging stations along designated “alternative fuels corridors” on the national highway system.
The National Electric Vehicle Infrastructure Formula Program mandates that by August 1, 2022, U.S. states submit their unique recommendations for the deployment of EV infrastructure to the Joint Office of Energy and Transportation. Before awarding financing, the Federal Highway Administration must approve all eligible designs by September 30.