How to invest in EV charging stations?

One of the most straightforward ways to invest in EV charging stations is by buying shares of publicly traded companies in this space. These companies are driving innovation and expanding their networks at a rapid pace. One such opportunity is EVgo Inc. (NASDAQ: EVGO.

Are EV charging stations sustainable?

Sustainability Is King: Beyond convenience, EV charging stations play a crucial role in reducing greenhouse gas emissions. As more people switch to electric vehicles, the need for a robust charging infrastructure becomes paramount. By investing in EV chargers, you're not just chasing profits; you're contributing to a greener planet.

Is EV charging a good idea for in-town gas stations?

According to the U.S. Department of Energy, 80 percent of EV charging happens at home, which makes adding EV charging less appealing for in-town gas stations, Hughes said. Local gas stations also don’t generally have amenities to keep people entertained while they are charging their vehicles. Real estate can also be prohibitive.

Are all charging stations created equal?

Not all charging stations are created equal. There are different levels of charging, including slow Level 1 chargers (suitable for home use), Level 2 chargers (common in public locations), and fast DC fast chargers (ideal for quick charging on the go).

How many EV charging stations are there in 2022?

As the demand for cleaner and greener transportation options continues to surge, so does the need for Electric Vehicle Charging Stations (EV Chargers). In fact, at the end of 2022, there were a whopping 2.7 million public charging points worldwide, with more than 900,000 installed in that year alone.

Are EV charging stations available in public spaces?

The availability of charging stations varies significantly between public and private spaces. Public charging stations offer greater accessibility, but some private owners restrict access, limiting availability for all EV drivers. The extent to which governments incentivize the development of charging infrastructure varies globally.