1
By 2030, the US will embrace an electric future with 27 million EVs and 35 million charging points, public charging would deliver more than 20% of the electricity demand by EVs.
2
The federal government's $7.5 billion investment aims to expand public chargers to 500K by 2030, while an additional $2 billion in startups marks significant private investment interest.
3
There has been a surge of 16% in the number of EV charging stations in the US, with around 1,100 new public, fast-charging stations installed in the second half of 2023.
4
Compliance with standards like ADA, NEC, and local building codes is mandatory, meanwhile, safety certifications from OSHA and UL ensure the reliability of the EV charging stations.
5
High-speed transit EV charging capex is between $30,000 and $150,000 per unit. EV public charging costs 5-10 times more than home charging, which costs roughly $60 a month on average.
Sources: McKinsey, PWC, Bloomberg, Entrepreneur, Wokelo insights