EV Charging Stocks
A comprehensive list of EV Charging stocks trading on U.S. exchanges and OTC markets
EV Charging Stocks by Market Cap
EV Charging Market Key Terms
NEVI
- The National Electric Vehicle Infrastructure Formula Program (NEVI) was established through the 2021 Bipartisan Infrastructure Law enacted by the United States Congress.
- This legislation allocates funding to U.S. states with the aim of strategically deploying EV charging infrastructure.
- NEVI plays a crucial role in facilitating the expansion of EV charging networks across the country.
- Funding is available for up to 80% of eligible project costs, including:
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The acquisition, installation, and network connection of EV charging stations to facilitate data collection, access, and reliability;
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Proper operation and maintenance of EV charging stations; and,
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Long-term EV charging station data sharing.
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DC Fast Charging (DCFC)
- Level 1 (1.3kW to 2.4kW) and Level 2 (4kW to 18kW) chargers utilize alternating current (AC), which needs to be converted to direct current (DC) for battery charging.
- Level 3, or Direct Current Fast Charging (DCFC) chargers have significantly higher volatge, and offer output ranging from 50kW to 350kW.
- For context, Tesla’s Superchargers reach a maximum of 250kW, allowing for a 200-mile charge in just 15 minutes.
Battery Swapping
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Battery swapping is the process of switching a drained vehicle battery with a fully charged battery at a swapping station.
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With battery swapping, vehicle owners often lease the battery for a monthly fee, signficantly reducing the upfront purchase price of the vehicle.
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- Nio is a prominent example of an EV company operating this business model.
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- Centralized ownership of the batteries also allows for:
- Improved battery management
- Co-ordinating charging to reduce grid impact
- Aggregate batteries to provide grid services
Selected EV Charging Stocks 5Y Performance
EV Charging Market FAQ
How long does an EV charger last?
- The lifespan of an EV charger is generally estimated to be around 10 years with proper maintenance.
- However, technological advancements in charging infrastructure may render certain charger models obsolete before the end of their physical lifespan.
- As newer and more advanced charging technologies emerge, EV owners may choose to upgrade their chargers to take advantage of faster charging speeds or additional features.
Which brands will use Tesla chargers?
- Mercedes, GM, Ford, Rivian, and Volvo, have all signed on to use Tesla’s charging standard.Â
- The North American Charging Standard (NACS) is a three-pronged connector sending 120 volts of electricity.
How many EV charging points are there in the United States?
- According to a 2023 S&P Global Mobility Special Report, there are 126,500 Level 2 and 20,431 Level 3 charging stations in the U.S. today.
- The report also projects U.S. charging needs in 2030, “Looking further to 2030, with the assumption of 28.3 million units EVs on US roads, an estimated total of 2.13 million Level 2 and 172,000 Level 3 public chargers will be required – all in addition to the units that consumers put in their own garages.”
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