EV Charging Infrastructure Expands Rapidly Across the U.S.
According to BloombergNEF estimates, North American operators will collectively spend $6.1 billion on charging infrastructure this year, almost double the investment in 2023. This annual expenditure is expected to double again by 2030.
According to Wion, in the second quarter of 2024, America’s EV charger deserts continued to vanish as various networks activated 704 new public fast-charging stations. This represents a 9% increase over three months, bringing the total to nearly 9,000 public fast-charging sites across the United States. If the current pace continues, public fast-charging sites could outnumber gas stations within eight years. According to BloombergNEF estimates, North American operators will collectively spend $6.1 billion on charging infrastructure this year, almost double the investment in 2023. This annual expenditure is expected to double again by 2030.
Retailers are increasingly installing EV chargers to attract the nearly 10% of U.S. car buyers opting for electric vehicles. Gas station operators, in particular, are embracing this trend. In the second quarter, Shell debuted 30 new charging stations, Enel opened 11, Pilot Travel Centers added eight, and Flying J rest stops introduced seven new stations.
