By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IQFineIQFineIQFine
Notification Show More
Font ResizerAa
  • Home
  • EV News
    EV News
    Welcome to the home of the latest industrial development in the field of Electric Mobility. We are committed to providing you cutting edge news, reports,…
    Show More
    Top News
    onewheel-electric-Skateboard-5
    Onewheel Unveils Premium Off-Road Electric Board for Adventure Seekers
    July 11, 2024
    Now Samsung “SmartThings” IoT Platform perform EV Connected Services For Hyundai Customers
    January 6, 2024
    5 EV’s occupied the place among the nine finalists of North American Vehicle Of The Year Honors
    November 18, 2023
    Latest News
    Kia’s PV5 Electric Van Goes Camper — First Look at the Ultimate EV Getaway Rig
    May 23, 2025
    Mazda Adds Sporty Twist to Its Affordable $20,000 EZ-6 Electric Sedan
    May 17, 2025
    BYD’s New Electric Kei Car: A Compact Contender in Japan’s Urban EV Market
    May 16, 2025
    Tesla Drops Cybertruck Range Extender, Promised Range Now Out of Reach
    May 8, 2025
  • Electric Cars
    Electric CarsShow More
    top 10 Electric Compact SUVs
    Top 10 Electric Compact SUVs 2025
    May 20, 2025
    Best Electric Midsize SUVs 2025
    Motortrend Best Electric Midsize SUVs 2025
    May 19, 2025
    Best Electric Luxury 3-Row SUVS
    Best Electric Luxury 3-Row SUVS
    May 18, 2025
    Mazda-sporty-EZ-6-EV
    Mazda Adds Sporty Twist to Its Affordable $20,000 EZ-6 Electric Sedan
    May 17, 2025
    BYDs-mini-EV-spotted-1 (1)
    BYD’s New Electric Kei Car: A Compact Contender in Japan’s Urban EV Market
    May 16, 2025
  • Electric Bikes
    Electric BikesShow More
    ONYX Motorbikes Returns with Limited Edition RCR LTD Electric Moped
    February 27, 2025
    Bosch Teases Major Electric Bike Battery Innovation: Big News Coming Soon
    January 6, 2025
    Segway Unveils Xafari and Xyber: A Bold Entry Into the US E-Bike Market
    December 9, 2024
    Talaria Unveils Sting MX5, a Budget-Friendly High-Speed Electric Dirt Bike
    September 1, 2024
    Can-Am Surprises Fans with Launch of Electric Naked and Dual-Sport Bikes
    August 26, 2024
  • Technology
    • Latest Innovation
    • Battery Guide
    • Tricky Tips
    TechnologyShow More
    V2X Pilot Programs: Transforming Connected Mobility
    March 1, 2025
    NEMA Introduces New Standard for Bidirectional EV Charging 
    February 23, 2025
    10 quick tips for EV owner
    10 Easy Winter EVs Maintaining Tips to Maximizing Range and Performance
    January 20, 2025
    BYD-humanoid-robot-3
    BYD Joins the Humanoid Robot Race, Launching Global Talent Search
    December 27, 2024
    New Chinese EV to Feature Semi-Solid-State Battery in 2025 at an Affordable Price
    December 17, 2024
  • Upcoming
    • Upcoming Electric Cars
    Upcoming
    Show More
    Top News
    2025-lucid-gravity-exterior
    Lucid Upcoming Electric Cars: 2024-2030
    December 11, 2023
    Volvo EX60
    Volvo Upcoming Electric Cars: 2024-2030
    May 21, 2024
    2204-new-models-guide
    2024 Auto Preview: Unveiling 25 Exciting Cars, SUVs, and EVs Heading Your Way
    January 6, 2024
    Latest News
    Mercedes Upcoming Electric Cars: 2024-2030
    June 4, 2024
    Hyundai’s New Three-Row Electric SUV Spotted in US Testing: Meet the IONIQ 9
    May 29, 2024
    Polestar Upcoming Electric Cars: 2024-2030
    May 29, 2024
    Report Suggest Hyundai’s N Vision 74 Concept: Hydrogen Supercar is ready to Hit the Market
    May 25, 2024
  • Ranking
    • Top 10
    Ranking
    Show More
    Top News
    Best Compact Plug-in Hybrid SUV
    Best Compact Plug-in Hybrid SUV
    July 4, 2024
    Top electric truck-2024
    Top Electric Trucks of 2024
    June 4, 2024
    Best Midsize Plug-in Hybrid SUVs
    Best Midsize Plug-in Hybrid SUVs
    June 30, 2024
    Latest News
    Top 10 Electric Compact SUVs 2025
    May 20, 2025
    Motortrend Best Electric Midsize SUVs 2025
    May 19, 2025
    Best Electric Luxury 3-Row SUVS
    May 18, 2025
    Top 10 Electric Cars to Buy in 2025
    May 5, 2025
  • Privacy Policy
    • Terms and Conditions
    • Disclaimer
  • Contact US
    • Pages
      • My Bookmarks
      • Join Us
Reading: A New Challenge For Charging Companies Is Best Charging Spot: Says Report
Share
Font ResizerAa
IQFineIQFine
  • EV News
  • Electric Bikes
  • Electric Cars
  • Top 10
  • Technology
  • Insider
Search
  • Home
  • Categories
    • EV News
    • Electric Bikes
    • Electric Cars
    • Top 10
    • Technology
    • Insider
  • Bookmarks
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
IQFine > News > EV News > A New Challenge For Charging Companies Is Best Charging Spot: Says Report
Pilot_Travel_Centers_LLC_Charging-iqfine
EV News

A New Challenge For Charging Companies Is Best Charging Spot: Says Report

IQFine
Last updated: 2023/12/14 at 8:07 AM
IQFine Published December 14, 2023
Share
SHARE

A recent report by Reuters disclosed the way the Electric Vehicle charging industry is involved. Data shows that currently there are more than 900 EV charging companies around the globe and the main cause of concern is that all want prime locations for fast public chargers.

With the urges to more eclectic vehicles the market is attracting a lot of players and investors. Data shows that the sector has captured more than $12 billion in venture capital funding since 2012, according to PitchBook. This shows how vast the market is.

While talking to Reuters, EVAdoption’s CEO Loren McDonald said, Tesla is the king in the U.S. but more fuel stations and convenience stores are setting up contracts with other companies, with the number of fast charging networks expected to double to 54 in 2030 from 25 in 2022. 

Partnerships are a big part of the strategy right now. Charing companies are doing try and tricks to get exclusive contracts with companies like McDonald’s and Starbucks. The recent announcement between ChargePoint, Starbucks and Volvo is a great example.  

Reuters further says that An EV charging station placed in a prime location can take about four years before it becomes profitable “once utilization hits around 15%.” The process in Europe might be slow due to bureaucratic hurdles but either way, it’s still viewed as an enticing bet for long-term infrastructure investments such as Infracapital, the report said.

There are companies running for the prime locations but still there are some companies who have different future plans. They are planning mega-stations with dozens of chargers with the concept of bringing amenities to the chargers. But to attract business they need to take advantage of the coming wave of drivers at these locations.

The report further concluded that while there are lots of small startups in the game now. But they are pitted against the market giant, consolidation is on its way to grab opportunities. So we can expect to see a lot of name changes and logos in the coming years.

Like this:

Like Loading...

Related

You Might Also Like

Kia’s PV5 Electric Van Goes Camper — First Look at the Ultimate EV Getaway Rig

Top 10 Electric Compact SUVs 2025

Motortrend Best Electric Midsize SUVs 2025

Best Electric Luxury 3-Row SUVS

Mazda Adds Sporty Twist to Its Affordable $20,000 EZ-6 Electric Sedan

TAGGED: Electric Vehicle, Ev News, news
Share This Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Popular News
Range Rover Electric SUV
EV News

Range Rover Unveils its First Electric SUV– Which Can Walk Across Water

Surbhi Jain Surbhi Jain December 17, 2023
Worrying About EV Charging! This Charger On Wheel Will Help You
Interesting! Scout Motors Is Set to Unveils It’s Two Flagship EVs this Summer
This Summer Let’s Have A Ride With Skwheel One’s First ”E-Skis”
Top Misconceptions About Electric Vehicles: Debunking the Myths
- Advertisement -
Ad imageAd image

Categories

About US

Welcome to the home of the latest industrial development in the field of Electric Mobility. We are committed to providing you cutting edge news, reports, scoops and exclusives from the mobility market. WIth us be the first to know the latest trends, groundbreaking innovation and unprecedented technologies related to your EV’s.
Quick Link
  • My Bookmarks
  • Customize Interests
Top Categories
  • My Bookmarks
  • Customize Interests

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© IQFine.com News Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?
%d