Caroline Olsen’s Post

Will EV charging stations soon surpass the number of gas stations in the U.S.? Bloomberg's latest analysis examines the rapid expansion of public EV charging infrastructure and its potential to overtake traditional fuel stations, marking a significant milestone in America's transition to electric transportation. https://lnkd.in/esURJnDw #ElectricVehicles #SustainableTransportation

Nationwide installations of public charging stations for electric vehicles are accelerating and will potentially surpass the number of gas stations by 2032. In the second quarter, 704 public chargers were activated, bringing the U.S. total to about 9,000. The growth was partly fueled by the Biden administration’s infrastructure program, which deployed about $5 billion to jump-start EV charging systems. Meanwhile, EV operators are projected to double spending this year on charging infrastructure to about $6.1 billion. EVgo, a manager of charger networks, says people are driving their EVs farther than they used to. https://lnkd.in/guTDYX6e

In the USA, EV charging stations to surpass number of gas stations in the near future; positive change continues. Maybe its time for your business parking lots to install EV charging stations! Who is next? https://lnkd.in/d4KexmHy #EVs #ElectricCars #ClimateChange #GlobalWarming #Environment

Public EV chargers are predicted to outnumber gas stations by 2032. 👀 Big strides are being made in the EV world and I hope that the trend continues! ⚡ California leads the way with nearly 29% of the nation's chargers. ⚡ Publicly accessible charging stations have doubled since 2020, to over 60,000. ⚡ Over 64% of Americans live within 2 miles of a public EV charging station. https://lnkd.in/gYAgf2ek 🔌 Bloomberg Green 🔌 Bloomberg 🔌 U.S. Department of Energy (DOE) 🔌 BloombergNEF 🔌 Sara Rafalson 🔌 EVgo 🔌 Union of Concerned Scientists 🔌 International Energy Agency (IEA) 🔌 Badar Khan 🔌 Stable Auto

🚗🔋 The U.S. is on the brink of a major shift in transportation infrastructure.... As EV adoption accelerates, public EV chargers are set to outnumber traditional gas stations. Here’s what to look out for: 🔌Rapid Expansion: The growth of public EV charging stations is expected to surpass the number of gas stations soon. 🔌Government Incentives: Increased federal support is propelling this infrastructure shift. 🔌Consumer Trends: Rising EV sales are driving demand for more accessible charging options. 🔌Environmental Impact: This transition supports the U.S.'s goals for reducing carbon emissions and promoting sustainable transportation. Stay informed about this evolving landscape by reading the full article on Bloomberg here. #ElectricVehicles #Sustainability #Infrastructure #Innovation

One of the recurring questions we have regularly is how access to EV Charging impacts EV adoption - "US Public EV Chargers Set to Surpass Gas Stations" - As someone who singularly has driven only electric vehicles for quite some time. I understand all too well, the fact that that EV charging stations are on pace to surpass traditional gas stations in the next few years.

Demand for EV charging is rising: "demand is being juiced by people driving their electric cars farther than they used to, and by a greater share of EV owners living in multi-unit developments, where they often aren’t able to charge at home". Public EV charging is critical to meet this growing demand. A great read by Bloomberg Businessweek.

“At the current pace, public fast-charging sites will outnumber gas stations in the US in about eight years — but charger momentum is only expected to accelerate.” The majority of non-EV owning consumers point to a lack of charging infrastructure as a primary reason against going electric, but the times are changing! According to Bloomberg, there will be more charging sites than gas stations in only 8 years. Wild to think of how exponentially quick charging infrastructure is going to grow, especially in more rural areas. https://lnkd.in/da_EcRQu Side anecdote - we took our EV from Charleston to the Outer Banks last week for our annual family beach trip and charging was a breeze. Marcia Newbert and I were even saying that we would have never considered stopping at one of the host restaurants that we charged at, but did because they offered fast charging. And we’re glad we did, too, as they made some fantastic hush puppies. EV charging shouldn’t be seen as an additional amenity, but rather as a core business strategy to increase brand awareness and foot traffic with new customers!

According to a recent @Bloomberg article, US public EV chargers are set to surpass gas stations in just eight years. In Q2 2024 alone, the US added about 700 new public fast-charging stations, bringing the nationwide total to nearly 9,000. Bloomberg says this rapid growth is a testament to the increasing demand for EVs. But here’s a fun fact…. We ALREADY have more charging options than gas stations. Anywhere you have access to power, you can charge an EV! Yet our on-the-ground surveys reveal that this idea is STILL poorly understood by most people who have yet to drive an EV. Let's keep talking to people about the amazing and positive ways EVs enhance lives! https://lnkd.in/esURJnDw

EVs are not a fad - even in America. I think US is reaching another inflection point on the EV adoption cycle. It will surge and plateau, surge and plateau. The market for EVs and used EVs will mature. They may not replace ICE totally - however, more charging points means more strain on the power grid. Right now the EVs are free riding on existing grid infrastructure - but without further investment in the grid and green powergen - we are going to see brownouts in the US.