US public EV chargers set to surpass gas stations in 8 years
The U.S. added 704 public fast-charging stations for EVs in Q2, nearing 9,000 total. Investments are set to double by 2030, with major companies expanding networks to meet rising demand. Biden's NEVI program supports nationwide expansion.
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In the second quarter of the year, the U.S. saw an increase in the number of public fast-charging stations for electric vehicles (EVs), with 704 new stations added, bringing the total to nearly 9,000. At this pace, it is projected that public fast-charging sites will outnumber gas stations in about eight years. Investments in charging infrastructure are expected to double by 2030, with North American operators set to spend $6.1 billion this year. Major companies like General Motors and Shell are expanding their charging networks to cater to the growing demand for EV charging. Retailers are increasingly installing EV chargers to attract the rising number of EV owners, with the average U.S. fast-charging station being utilized around 18% of the time. The Biden administration's National Electric Vehicle Infrastructure (NEVI) Formula program is also contributing to the expansion of charging stations across the country. Despite concerns about charging infrastructure, the rapid growth of charging stations aims to address the needs of the increasing EV market in the U.S.
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1 commentsThe transition in Norway from 2015 to 2023 was staggering. I would say 2020-2024 is when we’ve started seeing gas station replace half or more of their pumps with fast chargers. Leaving as little as two pumps for gas.
Now keep in mind that there’s been huge improvements in fast charging technologies. The US has it way easier. Fast chargers charges faster, are more efficient, easier to install and cheaper. Power electronics is cheaper. Using batteries as buffers for fast chargers was unheard of in 2015. Now it’s completely viable, and drastically reduces the demand for a powerful grid connection.
In terms of standardisation I think the US is a bit ahead of where Norway was in 2015. Most car makers seem to be transitioning to NACS by 2025? NACS is also simpler and probably cheaper than CCS Type 2? You don’t get 3 phase fast AC charging at home. But that’s overkill for most people.
The US might be a bit behind on good solutions for street side charging poles. But there are some companies with good solutions. There’s reason to be optimistic. Just gotta get everyone used to the bring-your-own-cable solution (but what cable? has that been standardised?)
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