What does Blink Charging do?īlink Charging Company designs, manufactures, and operates EV charging stations. ChargePoint currently has a market cap of $4.18 Billion. They also provide residential charging products to single and multi-family homes to charge the car in the driveway overnight. Owning 45% of the market share of the EV charging stations market, the company has become a leader in the EV charging industry.ĬhargePoint makes money by selling charging hardware, through cloud service subscriptions, as well as maintenance services to both individual organizations and businesses that wish to electrify their parking spaces. ChargePoint vs Blink: Brief Comparison What does ChargePoint do?įounded in 2007, ChargePoint is an American electric vehicle charging company that has provided a network of 163,000 charging points across 14 countries, making it the single largest EV charging system provider in the world. It’s important to distinguish between 3 types of charging for EVs: Level 1, Level 2, and Level 3.Īs you can imagine, the level 3 charging ports are more costly to produce, since they charge significantly faster than level 1 and level 2 charging ports the combined hardware and energy costs make it more expensive. As an investor, how can we identify which companies will thrive and which will fall? Let’s perform a full, detailed analysis of each of these companies to find out which is the best EV charging stock to invest in today. This includes providing the infrastructure, software/hardware, and cloud-based services to maintain each charging station.Īccording to the US Department of Energy, there are approximately 43,000 public EV charging stations in the USA, and there are about 100 different EV charging companies that maintain these charging stations.Īs you can tell, the EV charging industry is new, competitive, and evolving at a fast rate. Put simply, an electric charging station stock is a publicly-traded company that makes electric car charging stations. What is an Electric Charging Station Stock? As an investor, you can “ride the wave” of this trend, by investing in the right EV stocks that will gradually grow over the years due to the expected growth of the EV market.įor an electric vehicle to function, there must be a way to charge it -Therefore, in this post we will be analyzing 2 of the hottest EV charging station stocks in the stock market: ChargePoint, ( Ticker: CHPT) and Blink ( Ticker: BLNK).įor more content, I attach a link to our blog According to the Investment bank UBS, virtually every car sold will be electric by 2040.ĮV technology is gaining momentum every day, and we are in the midst of the biggest motor revolution since the Ford production line back in 1913. According to the BBC, by 2025 20% of all new cars sold will be electric, and that number is predicted to reach 40% by 2030. It should be no surprise that companies such as General Motors, BMW, Kia, Polestar, and several others spent a record $6.5 million on 7 of this year’s Superbowl commercials – rising consumer interest, governmental investments, and global competition are some key factors that have sparked the revolution.Īs of today, approximately 7% of all cars sold are electric. Wallboxĭedicated to better energy efficiency, Wallbox’s compact, intuitive products are making waves in the industry.It’s no secret: Electric vehicles (EVs) will soon take over the roads as gas-powered vehicles become a thing of the past. The company’s Smoov app allows all users to plan ahead and find charge points on route while accessing receipts and monitoring charging sessions.įast-forwarding the transition to EVs is the sustainable commitment the company makes and to do so, it plans to make charging as simple as possible. AllegoĪ leader in European electrified infrastructure, Allego solutions can be found across the continent with more than 40,000 charging stations in operation. To remain at the forefront of the EV charging station market, Webasto SE continuously innovates and introduces new products and features. Webasto SE is a global automotive equipment company and major mobility industry innovator that has been providing innovative solutions for many years with ventures in the electrification space. By 2025, EVBox aims to have delivered one million charging ports to decarbonise transport and improve accessibility for its users.
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