Manhattan's EV-Charging Sites Now Outnumber Gas Stations 10 to 1 [Business News Network (BNN) (Canada)]
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: Business News Network
The borough has about 320 publicly accessible charging locations, according to data from the US Department of Energy, compared with just 29 remaining gas stations, according to the New York State Department of Agriculture and Markets. In other words, Manhattan's EV-charging sites now outnumber its gas stations more than 10 to one. Gas stations still dominate citywide — 697 across all five boroughs, versus about 520 charging sites — but there, too, the chargers are catching up. “I don't think you need to go far up the electric-vehicle adoption curve to see gas-station deforestation,” says Pasquale Romano, chief executive officer of ChargePoint Holdings Inc., the country's largest EV-charging company. “It's a question of when.” The most immediate reason for Manhattan's gas-station scarcity has nothing to do with EVs. Land on the island is simply too valuable to waste on a business that's minimally profitable and needs a convenience store or car wash to survive. One by one, the boro
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CHPT
Earnings
- 3/5/24 - Miss
CHPT
Sec Filings
- 4/1/24 - Form S-8
- 4/1/24 - Form 10-K
- 3/29/24 - Form 4
- CHPT's page on the SEC website