Hyperdrive
Millions of EV Charging Points Planned for U.S., Europe by 2025
- ChargePoint, EVBox plan to install 3.5 million charging spots
- World expected to have 37 million electric vehicles by 2025
A ChargePoint Inc. electric vehicle charging station in Los Angeles, California.
Photographer: Dania Maxwell/BloombergThis article is for subscribers only.
Two electric car charging companies are announcing plans to build 3.5 million plug-in spots in the U.S. and Europe by 2025 in an effort to accelerate the adoption of clean vehicles.
California-based ChargePoint Inc. will deliver 2.5 million places to charge and EVBox will install 1 million new fast and regular chargers, according to a statement Friday by The Climate Group, which helps develop zero-emission programs. The new charging stations will support 37 million electric vehicles that are forecast to be on the road globally by 2025, driving a combined 384 billion electric miles per year.