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Energy Transition Stock List

EV Charging Stocks List

EV charging stocks (publicly traded electric vehicle charging companies) cover the listed businesses building and operating the infrastructure that powers the EV transition, from charging station operators and DC fast-charging networks to EV charger manufacturers and residential, commercial and fleet charging providers.

This list spans publicly traded charging network operators and equipment manufacturers across the US, China, Europe, and beyond, including ABB Ltd as a conglomerate proxy for large-scale DCFC hardware exposure and NaaS Technology and Nuvve as higher-risk specialist positions. It is a sub-list of the Global EV Stocks master list.

14 CompaniesCombined Mkt Cap: $1.42TUpdated: July 24, 2026
At a glance

  • Covers the charging value chain, from network operators such as EVgo and Fastned and charger manufacturers such as ABB and Kempower to charging platforms such as ChargePoint and NaaS and vehicle-to-grid specialist Nuvve.
  • Top-heavy: Tesla alone accounts for most of the $1.42T combined market cap, while the dedicated charging companies are far smaller.
  • Balance-sheet strength matters as much as growth: several constituents have faced restructurings, going-concern warnings or stock-exchange listing-compliance notices.
  • A global list across 4 listing countries, spanning the SAE J3400 transition in North America, CCS2 in Europe and China's large domestic charging market.
  • Hardware exposure spans home and workplace Level 2 chargers through to ultra-fast and battery-buffered DC fast chargers for highways, commercial sites and fleets.
14 companies
FX rates — July 24, 2026: 🇨🇭 CHFUSD 1.222  ·  🇪🇺 EURUSD 1.138
Company Ticker Mkt Cap ▼ HQ Segment Listing
Tesla
TSLA $1236.33B 🇺🇸 United States EV Charging Network NASDAQ
Tesla
HQ: 🇺🇸 United States Segment: EV Charging Network

Tesla's Supercharger network is one of the world's largest DC fast-charging networks by connector count, with 82,357 connectors across 8,704 stations globally as of Q2 2026 — up 17% year-on-year. Tesla began opening the Supercharger network to non-Tesla vehicles in North America in 2023 via Magic Dock sites, with broader automaker access from 2024; nearly every major automaker selling EVs in North America has adopted or committed to SAE J3400/NACS, though the transition is staggered by brand and model year — with many vehicles relying on adapters during the interim, turning the Supercharger into a public charging network and an additional revenue stream. Tesla discusses Supercharging as a contributor to its "Services and Other" segment, which generated $12.53 billion in FY2025 (up 19% year-on-year), but does not separately disclose charging revenue. In Q2 2026, Tesla added over 2,400 net new stalls globally in a single quarter.

Tesla is primarily an electric vehicle manufacturer: automotive revenue of $69.53 billion represented approximately 73% of total FY2025 revenue of $94.83 billion. Investors in TSLA gain indirect exposure to the Supercharger network rather than a pure-play charging position. Automotive gross margin (ex-regulatory credits) was 16.3% in Q2 2026, down from 19.2% in Q1 2026; management attributed the sequential fall largely to a $230 million warranty and tariff benefit booked in Q1 2026 that did not repeat. The broader investment thesis centres on FSD (Full Self-Driving) software monetisation, the Robotaxi service (launched June 2025; live in seven US metros as of Q2 2026, with unsupervised rides added in Miami, Orlando and Tampa in July 2026), and the Optimus humanoid robot programme (first-generation production lines being installed at the Fremont Factory as of Q2 2026). As of Q2 2026, active FSD subscriptions reached 1.48 million, up 56% year-on-year.

NASDAQ

$1236.33B

EV Charging Network
ABB
ABBN.SW $177.46B 🇨🇭 Switzerland EV Charging Hardware SIX
ABB
HQ: 🇨🇭 Switzerland Segment: EV Charging Hardware

ABB Ltd is a Swiss-Swedish industrial conglomerate listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB), operating in approximately 100 countries with around 110,000 employees. The company operates through three continuing business areas — Electrification, Motion, and Automation — plus Corporate and Other, which houses the E-mobility (EV charging) division. ABB's EV charging exposure sits within Corporate and Other, not within the Electrification segment; the E-mobility division manufactures DC fast chargers and AC charging infrastructure under the Terra product family, including the Terra 360 and AC wallbox series. The division is separately financed with a proposed SIX Swiss Exchange IPO that ABB postponed in 2022, with no new timetable announced; in Q1 2026 E-mobility reported an Operational EBITA loss of $47 million. In December 2025, ABB sold a 60% stake in ChargeDot (its Chinese EV charging joint venture).

ABB's core group generated $33.22 billion in FY2025 revenue at an Operational EBITA margin of approximately 19.0% (within the group's 18–22% target range). The Electrification segment (FY2025 revenues ~$17.4 billion) is ABB's largest and highest-margin division, serving data centres, utilities, and industrial customers — its primary growth driver, with Q1 2026 orders of $6.65 billion (+44% comparable growth). In October 2025, ABB agreed to divest its Robotics business to SoftBank Group for an enterprise value of approximately $5.375 billion; the transaction is expected to close in mid-to-late 2026, subject to regulatory approvals. EV charging represents a small and currently loss-making portion of total group revenue and is not separately reported.

SIX

$177.46B

EV Charging Hardware
ADS-TEC Energy
ADSE $902M 🇩🇪 Germany EV Charging Hardware NASDAQ
ADS-TEC Energy
HQ: 🇩🇪 Germany Segment: EV Charging Hardware

ADS-TEC Energy is a battery-buffered ultra-fast EV charging and energy-storage company, comprising the Nasdaq-listed Irish holding company ADS-TEC Energy PLC and its operating subsidiary ads-tec Energy GmbH in Nurtingen, Germany. Its systems, including the ChargeBox, the all-in-one ChargePost (up to 300 kW) and the mobile ChargeTrailer, integrate battery storage so that ultra-fast charging can run on grid-limited or low-power connections without costly grid upgrades. The company is shifting toward service and software revenue and an owner-operator charging model: FY2025 revenue fell to about EUR 32 million (from about EUR 110 million in FY2024), hit by a key customer's insolvency and the strategy shift, while service revenue nearly doubled to EUR 10.3 million.

⚠️ Distress flag: ADS-TEC reported a recurring net loss of roughly EUR 55 million in FY2025 and flagged going-concern uncertainty pending improved performance and additional financing.

NASDAQ

$902M

EV Charging Hardware
Fastned
FAST.AS $709M 🇳🇱 Netherlands EV Charging Network Euronext Amsterdam
Fastned
HQ: 🇳🇱 Netherlands Segment: EV Charging Network

Fastned is a Dutch fast-charging network operator listed on Euronext Amsterdam, building and running branded highway and urban fast-charging stations powered by renewable electricity. At the end of 2025 it operated 406 fast-charging stations across nine European countries, with more locations outside the Netherlands (222) than inside it (184). FY2025 charging revenue was EUR 122.4 million, the first time it exceeded EUR 100 million and roughly double its 2024 level, with operational EBITDA of EUR 43.6 million and average revenue per station of EUR 331,000. The company funds its expansion partly through listed bonds, raising over EUR 110 million in 2025.

Euronext Amsterdam

$709M

EV Charging Network
Kempower
KEMPOWR.HE $640M 🇫🇮 Finland EV Charging Hardware Nasdaq Helsinki
Kempower
HQ: 🇫🇮 Finland Segment: EV Charging Hardware

Kempower is a Finnish manufacturer of DC fast-charging equipment and software, headquartered in Lahti and listed on Nasdaq Helsinki. It designs modular DC fast chargers for passenger EVs, buses, trucks and off-road and marine applications, with manufacturing in Finland and the United States and a stated ambition to become a top-three global DC fast-charging provider. FY2025 net sales were EUR 251.3 million, up 12% year-on-year, with record full-year order intake of EUR 304 million and a narrowed net loss of EUR 12.4 million; energy delivered through Kempower chargers nearly doubled to about 776 GWh. Europe is its core market, alongside a growing North American presence.

Nasdaq Helsinki

$640M

EV Charging Hardware
Alfen
ALFEN.AS $319M 🇳🇱 Netherlands EV Charging Hardware Euronext Amsterdam
Alfen
HQ: 🇳🇱 Netherlands Segment: EV Charging Hardware

Alfen is a Dutch energy-infrastructure company listed on Euronext Amsterdam, operating across three units: EV Charging, Smart Grid Solutions and Energy Storage Systems. Its EV charging exposure is one part of a diversified electrification business, so the shares are an indirect rather than a pure-play charging position. FY2025 group revenue was EUR 435.6 million, down 10.7% year-on-year, with the EV Charging unit contributing EUR 120.8 million (down 21.2% amid strong competition in home charging and slower public-segment installation); group gross margin improved to 28.7% from 23.7% in FY2024. Energy Storage held roughly flat while Smart Grid softened on Dutch grid-operator constraints.

Euronext Amsterdam

$319M

EV Charging Hardware
EVgo Inc.
EVGO $201M 🇺🇸 United States EV Charging Network NASDAQ
EVgo Inc.
HQ: 🇺🇸 United States Segment: EV Charging Network

EVgo Inc. operates one of the largest public DC fast-charging networks in the United States, with 5,280 total stalls (EVgo-owned public and autonomous-vehicle stalls plus eXtend white-label stalls built for partners) across more than 1,200 fast-charging locations in 47 states as of Q1 2026 (5,100 at year-end 2025, +25% year-on-year). The reported stall base is all DC fast-charging: 62% of public stalls deploy 350 kW ultra-fast hardware, and the network supports both CCS and NACS connectors. The network delivered 366 GWh of throughput in FY2025 (up 32% year-on-year), with more than 1.7 million registered customer accounts as of Q1 2026. EVgo's largest debt facility is a DOE Title 17 loan with a total facility of $750 million (reduced from ~$1.25 billion by the First Omnibus Amendment in April 2026), supplemented by a $300 million commercial Credit Agreement. The company listed on Nasdaq via SPAC in July 2021; its majority shareholder is LS Power (EVgo Holdings), which held approximately 55.2% of EVgo OpCo as of Q1 2026.

Average network utilisation was approximately 24% in Q4 2025. The path to sustained positive Adjusted EBITDA depends on further throughput growth from an expanding EV fleet: FY2026 guidance (reaffirmed May 2026) is revenue of $410–$470 million and Adjusted EBITDA of $(20)M–$20M. Revenue composition is evolving toward fleet, OEM, and eXtend (white-label operations) segments. Key commercial partnerships include GM (2,850 stalls under a build agreement), Uber (rideshare electrification), and Pilot Travel Centers. The company is targeting 12,500–13,900 year-end public stalls by 2029, with 1,400–1,650 new stalls planned in 2026 — the majority expected to operationalise in H2 2026.

NASDAQ

$201M

EV Charging Network
ChargePoint Holdings
CHPT $125M 🇺🇸 United States EV Charging Hardware & Software NYSE
ChargePoint Holdings
HQ: 🇺🇸 United States Segment: EV Charging Hardware & Software

ChargePoint Holdings operates the largest network of active charging ports running on its own software in North America, with more than 385,000 active ports on the ChargePoint network and access to approximately 1.37 million ports worldwide via roaming agreements, spanning commercial, fleet, workplace, and residential segments. The company's business model combines Networked Charging Systems hardware sales (52.6% of FY2026 revenue) with recurring software subscriptions including CMS (Charger Management Software), eMSP services, and ChargePoint-as-a-Service (CPaaS) — subscription revenue of $162.4 million in FY2026 grew 13% year-on-year at a gross margin of approximately 62% (reaching about 64% in Q4 FY2026). ChargePoint's FY ends January 31: FY2026 (ended January 31, 2026) total revenue was $411.2 million with a GAAP net loss of $220.2 million. The company serves both North American (83% of FY2026 revenue) and European (17%) markets, with Level 2 AC its dominant product and a next-generation DC fast-charging platform — the Express Solo, launched April 2026 — with broader commercial ramp expected through FY2027. ChargePoint executed a 1-for-20 reverse stock split in July 2025 to regain NYSE minimum bid price compliance.

ChargePoint faces margin pressure from elevated inventory ($214.9 million at January 31, 2026) accumulated during a product transition, competitive intensity, and the challenge of monetising a large Level 2 installed base as demand for DC fast charging grows. Net cash used in operations improved sharply to $62.8 million in FY2026 (from $146.9 million in FY2025), and cash at January 31, 2026 was $141.6 million against ~$261 million in total debt. A March 2026 reorganisation is expected to generate further annual operating expense savings. The company's scale — trusted by over 60% of Fortune 500 companies (and over 80% of Fortune 50 companies per ChargePoint's FY2026 10-K) — and software platform remain key competitive strengths, but a concrete timeline to positive Adjusted EBITDA has not been publicly disclosed, though management has framed the next-generation hardware ramp as central to improving margins.

NYSE

$125M

EV Charging Hardware & Software
Wallbox N.V.
WBX $95M 🇪🇸 Spain EV Charging Hardware NYSE
Wallbox N.V.
HQ: 🇪🇸 Spain Segment: EV Charging Hardware

Wallbox N.V. manufactures EV charging solutions spanning residential, commercial, and public applications, with manufacturing in Spain (Barcelona), Germany (ABL GmbH subsidiary, acquired October 2023), and the United States, and distribution across more than 100 countries. Its product portfolio includes the Pulsar Max/Plus AC home and commercial charger family; the Supernova DC fast charger (60–240 kW); the Supernova PowerRing modular DCFC system (up to 400 kW per outlet via proprietary DC Link technology); the Quasar 2 bidirectional V2G residential charger (12 kW, CCS); and the Hypernova 400 kW split-type DC charger (announced but still in development as of the most recent reporting date, April 2026). Wallbox is incorporated as a Dutch public limited company (naamloze vennootschap, Amsterdam) with headquarters in Barcelona, and is listed on the NYSE. FY2025 revenue was €145.1 million (down 11.5% year-on-year), with a gross margin of 38.3%.

⚠️ Distress flag: Wallbox reported negative total equity of €(31.5) million at year-end 2025 and entered a standstill agreement with its banking pool on October 9, 2025. After signing a commercial agreement on April 8, 2026 and securing €11 million in interim bridge financing, Wallbox completed a Spanish court-sanctioned financial restructuring: the Barcelona commercial court's approval became final and non-appealable on June 25, 2026, and the associated financing closed in early July 2026. The restructuring converted term debt into a €57.6 million senior term loan and a €69.1 million PIK instrument (maturing December 2030), alongside a €42.8 million working-capital facility, and was accompanied by approximately €11.8 million of new equity (including a €10.65 million shareholder financing) plus a separate €4 million investment from new investor FOCUS ON NEXT FRONTIER. Q1 2026 revenue of €29.7 million declined 21% year-on-year, attributed partly to distributor order deferrals during the refinancing uncertainty. The company also received an NYSE compliance deficiency notice in February 2026 for average global market capitalisation below $50 million and stockholders' equity below $50 million. In July 2026, the NYSE accepted Wallbox's plan to regain compliance and granted an 18-month cure period running from the February 2026 notice, subject to semi-annual reviews.

NYSE

$95M

EV Charging Hardware
Blink Charging
BLNK $76M 🇺🇸 United States EV Charging Network NASDAQ
Blink Charging
HQ: 🇺🇸 United States Segment: EV Charging Network

Blink Charging is a US-based EV charging network operator — one of the largest EV charging networks in the United States, with approximately 66,350 chargers connected to the Blink Network as of December 31, 2025 (~58,850 Level 2 and ~1,920 DCFC commercial chargers), of which ~8,250 are owned outright by Blink. Headquartered in Bowie, Maryland, the company operates across three deployment models: Blink-Owned Turnkey (Blink pays all costs, retains most revenue), Blink-Owned Hybrid (shared cost/revenue with property partner), and Host-Owned (host owns hardware, Blink provides network and fees). FY2025 revenue was $103.5 million (down 16.5% year-on-year), reflecting a strategic shift away from hardware sales toward recurring service revenues: Charging Service Revenue grew 51% YoY to $32.3 million and Network Fees grew 53% to $12.2 million. Service Revenue reached 54% of Q4 2025 revenue — a record — against a 2028 target of 80%. The company has significant operations in the UK and Belgium, with a combined European and MENA footprint supplementing its US network.

The BlinkForward Initiative (announced May 2025) restructured the company materially: global workforce reduced from 513 to approximately 320 employees, in-house manufacturing exited (transitioned to contract manufacturing, completed January 2026), and run-rate OpEx reduced by approximately $39 million annually. Quarterly cash burn fell from $16.7 million in Q1 2025 to $2.0 million in Q4 2025. Cash at December 31, 2025 was $39.6 million; accumulated deficit stood at $822.4 million. On January 26, 2026, Blink received a Nasdaq deficiency notice for falling below the $1.00 minimum bid price requirement, with a compliance deadline of July 27, 2026; in July 2026 the company requested an additional 180-day compliance period, which if granted would extend the deadline into January 2027. In July 2025, Blink acquired Zemetric Inc., adding fleet and energy management software and the Shasta Level 2 charger with ISO 15118 Plug & Charge support.

NASDAQ

$76M

EV Charging Network
XCHG Limited
XCH $49M 🇨🇳 China EV Charging Hardware NASDAQ
XCHG Limited
HQ: 🇨🇳 China Segment: EV Charging Hardware

XCHG Limited (X-Charge) is a Beijing-based manufacturer of DC fast chargers and battery-integrated fast chargers, listed on Nasdaq as an American depositary share since its September 2024 IPO and incorporated as a Cayman Islands holding company. Its product line spans the C6 and C7 series DC fast chargers, the battery-integrated Net Zero Series (which pairs charging with on-site storage for grid-constrained sites) and the GridLink system introduced to the European market in September 2025. XCHG sells into its home China market and internationally, including Europe and North America. FY2025 revenue was about $25.1 million, down roughly 41% year-on-year on weaker DC fast-charger deliveries, with $11.4 million of cash at year-end 2025.

NASDAQ

$49M

EV Charging Hardware
NaaS Technology Inc.
NAAS $37M 🇨🇳 China Charging Services & Software NASDAQ
NaaS Technology Inc.
HQ: 🇨🇳 China Segment: Charging Services & Software

NaaS Technology is the first US-listed EV charging service company operating in China and a subsidiary of Newlinks Technology Limited. It runs an asset-light charging services and software model, connecting EV drivers with charging stations primarily through the third-party Kuaidian platform, which as of September 30, 2024 linked approximately 1.15 million chargers across 360 cities (around 35% of China's public charging infrastructure by connected-charger count at that date). In March 2026, the operator of Kuaidian agreed to transfer the platform to a wholly owned subsidiary of NaaS's controlling shareholder, NewLink. NaaS earns revenue primarily through charging transaction fees, energy solutions, and software and services for station operators. Partnerships with BYD sub-brands (Dynasty, Ocean, Fang Cheng Bao), NETA, IM Motors, and Hongqi integrate NaaS's platform into OEM in-car charging interfaces. It is incorporated as a Cayman Islands holding company with operations conducted through PRC subsidiaries.

⚠️ Distress flag: NaaS received a Nasdaq minimum market value deficiency notice in February 2026 — its second such notice, having briefly regained compliance in December 2025 — and has until August 17, 2026 to maintain a market value above $35 million for ten consecutive business days. The notice also flagged non-compliance with stockholders' equity and net income thresholds. If NaaS does not regain compliance by the deadline, Nasdaq may issue a delisting determination, subject to appeal.

NASDAQ

$37M

Charging Services & Software
Beam Global
BEEM $23M 🇺🇸 United States EV Charging Hardware NASDAQ
Beam Global
HQ: 🇺🇸 United States Segment: EV Charging Hardware

Beam Global is a San Diego-based maker of off-grid, solar-powered EV charging and energy-security infrastructure, listed on Nasdaq. Its flagship EV ARC is a transportable solar-plus-storage charging unit that needs no grid connection or construction, deployed for government fleets, utilities and commercial sites, alongside Solar Tree structures, BeamTrak tracking and battery-based energy storage. FY2025 revenue was about $28.2 million, down year-on-year as US federal EV-charging orders slowed, though commercial (non-government) customers rose to 72% of revenue from 38% in 2024. The company ended 2025 debt-free with an unused $100 million credit line and a $6.0 million backlog.

NASDAQ

$23M

EV Charging Hardware
Nuvve Holding Corp.
NVVE $2M 🇺🇸 United States V2G / Smart Charging NASDAQ
Nuvve Holding Corp.
HQ: 🇺🇸 United States Segment: V2G / Smart Charging

Nuvve Holding Corp. is a San Diego-based vehicle-to-grid (V2G) technology company, spun out of the University of Delaware in 2010 and listed on Nasdaq via SPAC in 2021. Its proprietary Grid Integrated Vehicle (GIVe) platform enables bidirectional charging — allowing EV batteries to discharge electricity back to the grid during peak demand periods, earning grid services revenue for asset owners. Nuvve manages approximately 28.3 megawatts of charging capacity globally (as of Q4 2025) and has deployed V2G systems across school bus fleets, commercial fleets, and transit agencies in North America and Europe. In December 2025, the company expanded its strategic focus to include stationary energy storage and microgrids alongside its core V2G platform. Nuvve is incorporated in Delaware and headquartered in San Diego, California.

⚠️ Distress flag: Nuvve appealed a Nasdaq delisting determination in September 2025 and regained compliance with the minimum bid price rule (10 consecutive trading days at or above $1.00, achieved December 29, 2025) and the minimum stockholders' equity rule via a $5.4 million private placement (approved December 29, closed December 30, effective December 31, 2025). Nasdaq imposed a one-year mandatory panel monitor effective January 6, 2026. On April 20, 2026, Nuvve received a new Nasdaq delisting notice after its shares traded below $1.00 for 30 consecutive trading days, and it requested a hearing to stay any suspension. On May 22, 2026, Nasdaq cited the late filing of Nuvve's Q1 2026 Form 10-Q as an additional basis for delisting. Following shareholder approval, Nuvve effected a 1-for-18 reverse stock split on July 6, 2026 to address the minimum bid price requirement. Its FY2025 financial statements included a going-concern disclosure, and the company requires ongoing external capital to sustain operations; the V2G technology is differentiated but commercialisation at scale remains at an early stage.

NASDAQ

$2M

V2G / Smart Charging

List Updates

Additions, removals and corrections are logged here as they happen. Market-cap data last refreshed July 24, 2026. Full changelog across all lists →

AcquisitionAug 4, 2025
Pod Point (PODP), a UK EV-charging company, was acquired by EDF and delisted from the London Stock Exchange in August 2025.
+

Company AdditionSep 10, 2024
XCHG Limited (X-Charge), a China-based DC fast-charger maker, listed on Nasdaq under XCH via IPO in September 2024.

AcquisitionAug 22, 2024
Allego (ALLG), a European charging-network operator, was taken private by majority shareholder Meridiam and delisted from the NYSE in August 2024.

DelistingMay 28, 2024
Tritium DCFC (DCFC), an Australian DC fast-charger maker, was delisted from Nasdaq in May 2024 after entering administration.

DelistingFeb 29, 2024
Charge Enterprises (CRGE), a US EV-charging and electrical-infrastructure firm, was delisted from Nasdaq in February 2024 and later filed Chapter 11, cancelling prior equity.
Disclaimer: Green Stocks Research publishes independent research for informational and educational purposes only. Nothing on this page is investment advice, a recommendation, or an offer to buy or sell any security — always do your own due diligence and consider consulting a licensed financial adviser before investing. Market-capitalisation figures are refreshed on a regular cadence from publicly available exchange data and may lag real-time prices; see our methodology for how this list is compiled and maintained. Green Stocks Research has no financial relationship with any company listed. Have a suggestion — an addition, removal, or correction? Email us at feedback@greenstocksresearch.com.

EV Charging Stocks — Investor FAQ

EV charging stocks are shares in publicly traded companies that build, sell or operate the equipment and networks used to recharge electric vehicles. They cover several distinct exposures: charging network owner-operators that run public stations (such as EVgo, Fastned and Blink), charging-network platform and software providers (such as ChargePoint), charger manufacturers (such as ABB, Kempower, Wallbox and XCHG), charging software and services providers (such as NaaS), vehicle-to-grid specialists (such as Nuvve), and diversified or automaker-linked players with a charging division (such as Tesla, Alfen and ADS-TEC). Because these businesses sit at different points in the value chain, their economics, margins and risk profiles differ widely. Investors typically use the group to gain exposure to EV adoption through the charging infrastructure layer rather than through the vehicles themselves.
The terms are usually used interchangeably, and most searches for charging station stocks are looking for the same companies as EV charging stocks. There is a subtle distinction worth understanding: charging station stocks most naturally describes the network operators that own and run physical charging sites, while EV charging stocks is a broader label that also covers charger hardware manufacturers, charging software providers and vehicle-to-grid specialists that may not own any stations themselves. For example, ChargePoint sells networked hardware and software rather than owning most of the sites that run on its platform, whereas EVgo and Fastned own and operate their public fast-charging stations. This list uses the broader definition and marks each company's exposure in the Segment column so the differences are clear.
Publicly traded owner-operators of EV charging networks include EVgo in the United States, Fastned in Europe, and Blink Charging across the US and Europe, while NaaS operates in China through the third-party Kuaidian platform. ChargePoint runs one of the largest networks by connected ports but principally provides the charging hardware and software rather than owning the sites. Tesla operates the Supercharger network, though it is primarily a vehicle manufacturer and gives only indirect charging exposure. Several other listed companies supply the chargers and software behind these networks rather than operating stations themselves, including ABB, Kempower, Wallbox, ADS-TEC, XCHG and Beam Global. Network operators and hardware suppliers have different economics, so it helps to check which role a company plays before comparing them.
Public charging networks earn money through several models. Owner-operators of charging stations bill EV drivers by energy delivered (per kWh), by time or per session, and add monthly membership passes offering lower rates. Contracted fleet and OEM revenue, from last-mile delivery operators, rental-car and ride-hailing fleets and automakers, provides more predictable volume, and operators can also earn regulatory credits in some markets. Asset-light charging networks layer on higher-value software, networking, roaming and maintenance fees, while white-label providers design, build and operate stations for third-party site hosts. Hardware manufacturers such as ABB and Wallbox primarily sell charging equipment (Level 2 chargers and DC fast chargers) and can add software, service and maintenance revenue. The central challenge is station utilisation: there is no universal break-even rate, because it depends on charger power and count, installation cost, electricity tariffs and demand charges, grants, pricing and uptime, and on which costs (site operating cost, capital recovery or corporate overhead) are being covered. Most listed public-charging operators remained lossmaking through the mid-2020s while scaling their installed base toward critical mass.
Level 2 AC charging handles slower charging at homes, workplaces, multifamily buildings, destination sites and fleet depots; DC fast charging (DCFC) is the higher-power public and highway infrastructure that makes long-distance EV travel and quick top-ups practical. In the US, Level 1 AC (120V) adds roughly 3-8 km (2-5 miles) of range per hour and can still cover many low-mileage drivers' daily needs. Level 2 AC (usually 208-240V, up to about 19.2 kW in the US; 22 kW three-phase is more common in Europe) adds roughly 16-48 km (10-30 miles) per hour and is the workhorse for overnight and workplace charging. DC fast charging bypasses the vehicle's onboard AC/DC converter and feeds direct current straight to the battery; the US Department of Energy estimates roughly 160-320+ km (100-200+ miles) of range in 30 minutes, though actual speed depends on the vehicle, battery state of charge, temperature and the charger's voltage and power. 800V vehicle architectures (Hyundai E-GMP, Porsche Taycan, Lucid Air, BMW Neue Klasse) accept the highest DCFC power levels, but a high-voltage car still charges slowly on a lower-voltage charger. Tesla rates its Supercharger V3 posts at up to 250 kW and its V4 posts at up to 500 kW for cars, while a V4 cabinet can supply up to about 1.2 MW shared across up to eight posts, enabling higher-power truck charging.
Tesla opened its previously proprietary charging connector and named it the North American Charging Standard (NACS) in November 2022, and SAE International then issued it as the J3400 standard in December 2023. Between 2023 and 2024 every major automaker selling in North America announced plans to adopt the connector, and by 2026 nearly all had adopted or committed to it, though the transition is staggered by brand and model year, with many vehicles relying on adapters in the interim. This gives a growing pool of drivers potential access to compatible, enabled Tesla Supercharger sites, which form one of the largest DC fast-charging networks in the US. For independent networks such as EVgo, ChargePoint and Blink, the shift raises the competitive bar: they are adding J3400 connectors of their own while competing on reliability, location quality and pricing rather than relying on a captive vehicle base. Comparisons between networks should specify what they measure, whether DC fast-charging ports, total ports including Level 2, uptime or customer satisfaction, since Tesla leads on DC fast charging while ChargePoint reports a much larger, mostly Level 2 port count.
Public funding and regulation can materially improve the economics of public DC fast charging, especially at highway-corridor sites with high upfront costs and initially low utilisation, though they do not guarantee profitability. In the US, the NEVI Formula Program apportioned $5 billion over FY2022-FY2026 to states, DC and Puerto Rico, with the federal share covering up to 80% of eligible project costs. NEVI-funded corridor sites generally must provide at least four networked ports able to charge four vehicles simultaneously at 150 kW each, average more than 97% annual uptime and offer accessible payment without requiring a membership. Section 30C, the federal charging-equipment tax credit, should no longer be treated as a current incentive: under the 2025 budget law its termination was brought forward, and IRS guidance states that qualifying property had to be placed in service by 30 June 2026 (the business-property rate was 6%, rising to 30% only where prevailing-wage and apprenticeship rules were met, capped at $100,000 per item and limited to eligible census tracts). In the EU, the AFIR regulation required publicly accessible recharging pools of at least 400 kW, including one 150 kW point, in each direction of travel at no more than 60 km spacing on the TEN-T core network by 31 December 2025, rising to 600 kW and two 150 kW points by the end of 2027. For listed charging networks this mix of grants and mandates can lower effective capex per station and extend cash runways, making policy continuity a genuine risk factor for operators dependent on subsidised economics.
Financial risk is unusually high among several small listed charging companies, so investors should separate current issuer risk from historical sector examples and check each company's latest filings. On this list, Nuvve and NaaS are small, higher-risk specialist positions that have faced listing-compliance pressure, while Wallbox (WBX) reported negative total equity of about EUR 31.5 million at year-end 2025 and completed a court-sanctioned Spanish financial restructuring in 2026 (plan signed in April, approved by the Barcelona commercial court in May and completed in early July 2026). Blink Charging (BLNK) and ChargePoint (CHPT) have remained lossmaking while implementing cost reductions, and ChargePoint executed a reverse stock split in July 2025 to regain NYSE compliance. Earlier and more severe cases include Tritium DCFC, whose Australian operating entities entered voluntary administration and receivership in April 2024 before its Nasdaq securities were delisted in May 2024, and Allego (ALLG), taken private by majority shareholder Meridiam and delisted from the NYSE in August 2024. These are distinct event types, insolvency, restructuring, exchange-compliance actions and a take-private, and not all going-concern events in the strict accounting sense. Assess each company individually using cash, debt maturities, operating cash flow, financing commitments, exchange notices and any auditor going-concern disclosure.

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Key Terms
Full Glossary →

The network of hardware and services enabling EV drivers to recharge their vehicles, ranging from home wallbox chargers to public Level 2 AC chargers to high-powered DC fast chargers (DCFC). The buildout of public charging infrastructure is widely cited as a prerequisite for accelerating EV adoption beyond early adopters, particularly in markets with limited home charging access. Listed charging companies span owner-operators (EVgo, Fastned), network platform and software providers (ChargePoint), hardware manufacturers (ABB, Wallbox), and hybrid models combining hardware and network operations. Charging infrastructure revenue models — hardware sales, network fees, energy arbitrage, and software subscriptions — vary significantly across listed companies, with implications for margin profiles and capital intensity.
EV charging using alternating current from the electrical grid, requiring an onboard charger to convert to direct current for battery charging. AC charging is slower than DC fast charging but sufficient for overnight home charging; Level 1 (120V) and Level 2 (240V) are primary AC charging standards.
AC charging tiers defined by SAE: Level 1 (120V in North America) adds roughly 2-5 miles of range per hour and Level 2 (208-240V) adds roughly 10-30 miles per hour, with actual rates varying by vehicle, circuit and conditions. DC fast charging is commonly called 'Level 3' but is not an official SAE level. Home and workplace charging is mostly Level 1-2, while DC fast charging enables road-trip and high-utilisation use.
High-power EV charging delivering direct current directly to battery, bypassing onboard charger to enable charging rates of 50-350+ kW. DC fast charging is critical for long-distance travel and fleet operations; charging speeds continue improving with 800V vehicle architectures and cooled cables.
A family of DC fast-charging connector systems: CCS1 has a large installed base in North America while CCS2 remains the main standard in Europe and many other markets, supporting power up to 350+ kW. CCS won out over CHAdeMO in most markets; in North America, new vehicles and networks are now shifting toward SAE J3400 (originally developed by Tesla), with adapters bridging compatibility during the transition.
EV charging connector developed by Tesla, opened to the industry in 2022 and standardized by SAE as J3400, now adopted as the North American standard and consolidating a previously fragmented charging ecosystem. NACS adoption by major automakers and networks standardizes infrastructure, reducing consumer confusion and accelerating deployment.
The formal term for EV charging hardware: the equipment that safely delivers electricity from the grid to a vehicle. It helps to distinguish a charging station (a site or location), a charger or EVSE unit (a device), and a port or connector (able to charge one vehicle at a time), because network-size claims can mislead when these units are compared inconsistently.
The percentage of time a charger is available and able to deliver a charging session, a core reliability metric for public networks. US NEVI-funded charging ports must average more than 97% annual uptime, reflecting how strongly charger reliability shapes driver confidence and a network's reputation.
Technology enabling EV batteries to discharge electricity back to the grid, providing storage flexibility and revenue potential. V2G requires compatible bidirectional chargers and grid integration; it can create vehicle-owner revenue and grid-balancing value but remains limited by standards, regulations, and adoption. It is distinct from battery second-life, which reuses retired EV batteries in stationary storage.
U.S. program allocating $5 billion to build out EV charging, initially prioritising designated Alternative Fuel Corridors where qualifying fast-charging stations are generally no more than 50 travel miles apart, subject to federal approvals and exceptions. NEVI mandates include domestic content requirements and interoperability standards; program funding accelerates charging infrastructure deployment but faces implementation challenges around site selection and permitting.
EU regulation setting binding targets for public EV charging and other alternative-fuel infrastructure across member states. On the TEN-T core road network, AFIR required publicly accessible fast-charging pools of at least 400 kW (including one 150 kW point) in each direction of travel at no more than 60 km spacing by the end of 2025, rising to 600 kW and two 150 kW points by the end of 2027. It creates a regulatory demand floor for charging deployment across Europe.

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