US adds 780 new EV charging stations in record third-quarter expansion [Los Angeles Times (CA)]
EVgo Inc. (EVGO)
Company Research
Source: Los Angeles Times
Retailers like Target, Cracker Barrel and Pilot truck stop chains rapidly installed chargers to attract customers Americans just lost federal tax credits for buying an electric vehicle, but charging one has grown more convenient in recent months. About 780 public high-speed charging stations opened in the US in the third quarter, the largest such infrastructure boom on record, according to Department of Energy data. The nation's charging infrastructure expanded by 19% in the first nine months of the year. “The growth is pretty amazing right now given current policy and investment sentiment,” said Chris Pierce, an analyst covering charging networks at Needham & Co. investment bank. Many of the new stations were likely given the green light before President Trump took office, according to Pierce. However, charging executives say the market for electrons is still underserved, even though EV sales are expected to slow without federal incentives. “For a long time, the market was
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