Ev Charging Station Companies Are Getting Charged Up For A Global Race

By Author: joy
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The electric vehicle (EV) charging industry is in a phase of robust expansion, marked by the entry of new players, the growth of existing ones, and numerous partnerships. Governments worldwide, including the US and EU, are actively addressing charging concerns, exploring alternative methods, and supporting the industry's development.

The electric vehicle charging station sector is thriving, with over 900 companies globally. Notably, there have been 85 acquisitions since 2017, and the sector has attracted over $12 billion in venture capital funding since 2012. Major industry players, ranging from energy companies like Shell to hardware companies such as ABB and charging companies like Blink and ChargePoint, are actively participating. Automotive manufacturers like Hyundai, Volkswagen, and investment firms like BlackRock are also investing in infrastructure projects.

Consolidation is a prominent trend, with larger entities seeking to merge with smaller companies. The dynamic landscape has industry experts predicting significant changes in the future.

Competition among charging station companies is intense, ...
... particularly in securing optimal locations for fast public chargers. The CEO of Kempower describes it as a "land grabbing game," emphasizing the critical role of location in guaranteeing electricity sales for years to come. Forecasts suggest a substantial increase in fast-charging networks in the US, from 25 in 2022 to 54 in 2030, according to EVAdoption.

The race for space is ongoing, with ChargePoint's Michael Hughes highlighting the challenge of finding, building, and enabling new sites for the next generation of fast charging. The CEO of Infracapital, Christophe Bordes, underscores the significance of long-term investments in charging companies, particularly with the right locations.

Beyond traditional methods, EV charging companies are exploring alternative approaches, such as partnering with businesses for real estate. For example, InstaVolt has secured a deal with McDonald's to install charging stations at their locations.

As acquisitions and consolidations continue, industry experts predict that logos and key players will undergo substantial transformations by the end of the decade, reshaping the entire industry landscape.

https://www.techdogs.com/tech-news/td-newsdesk/ev-charging-station-companies-are-getting-charged-up-for-a-global-race