The usage rate of charging piles in the United States has finally increased.
As U.S. electric vehicle sales grow, average utilization rates at many fast-charging stations nearly doubled last year.
San Francisco-based Stable Auto is a startup laying out electric vehicle infrastructure for businesses. According to the company’s data, the average utilization rate of fast charging stations operated by non-Tesla companies in the United States doubled in 2023, from 9% in January 2023 to 18% in December. In other words, by the end of 2023, each fast charging pile in the United States will have an average daily plug-in time of nearly 5 hours.
Brendan Jones, CEO of Blink Charging, which operates about 5,600 charging stations in the U.S., said: “We’re at 8% usage, which is not nearly enough. .”
The increase in usage is not only an indicator of the popularity of electric vehicles, but also a bellwether for the profitability of charging stations. Stable Auto estimates that the utilization rate of charging stations must be around 15% to achieve profitability. Stable CEO Rohan Puri said that in this sense, the surge in usage represents the first time that a large number of charging stations have become profitable.
Cathy Zoi, former CEO of EVgo, said on an earnings call in September 2023: “This is very exciting, and we believe that the profitability of the charging network will reach a peak in the future.” EVgo in There are about 1,000 sites operating in the United States, and nearly a third of them were operational at least 20% of the time last September.
Average utilization rate of fast charging stations in the United States. U.S. electric vehicle fast-charging stations will be twice as busy in 2023 as more than 1 million electric vehicles hit the road for the first time ▼
For a long time, electric vehicle charging has been in an awkward “stalemate” state. The low penetration rate of electric vehicles has restricted the development of charging networks. “Cars cannot catch up with wires” has always been a dilemma for the US charging pile business. Especially in the United States, vast interstate highways and conservative government subsidies have limited the pace of expansion. Charging networks have struggled over the years as the adoption of electric vehicles has been slow, and many drivers have even refused to buy electric vehicles due to a lack of charging options.
This disconnect gave rise to the National Electric Vehicle Infrastructure Initiative (NEVI), which just began doling out $5 billion in federal funding to ensure there is a public fast-charging station at least every 50 miles along major transportation thoroughfares across the country.
If want to know more about this, please feel free to contact us.
Tel: +86 19113245382 (whatsAPP, wechat)
Email: sale04@cngreenscience.com
Post time: Mar-31-2024
