Car-charging investment soars, driven by EV growth

A BP petrol station forecourt with fuel pumps and plug-in electric vehicle charging points in London on Aug. 1. Chris J. Ratcliffe/Bloomberg

More than $4.8 billion has been pumped into the electric-vehicle charging industry this year — a combination of roll-out announcements, debt financing, investment and acquisitions. And this is just the deals that have disclosed financial figures.

Large corporates are competing for M&A targets with pure-play charging companies they may previously have acquired, and new competitors are cropping up. Infrastructure investment funds’ appetite is increasing, as they see EV charging as a maturing asset class. Explosive growth is still required to go from single-digit billions of investment today to hundreds of billions worth of investment over the next two decades.

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(1) comment

hermit thrush

this is good, and it will also drive the right-wing knuckleheads crazy.

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