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Investors Ditch EV Charging Companies Amid Profit Concerns | Giga Gears

Right now, the reality for electric vehicles is pretty grim. People are buying EVs, but the growth in sales is cooling. That’s having a ripple effect, from rising EV inventory at dealers to automakers rethinking their EV investments and production plans. Even EV charging companies are taking a hit.

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Volkswagen, Audi, Porsche, and Scout to Adopt NACS EV Charger by 2025

Volkswagen Group, owner of the U.S.-based EV charging infrastructure operator Electrify America, has finally announced its commitment to the North American Charging Standard (NACS, also known as the Tesla charger) beginning in 2025 for many of its brands. The company said it will also explore adapter options so…

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“Volvo Launches 50 EV Fast-Charging Stations at Starbucks Locations | Giga Gears”

One of the most important factors in the implementation of electric car charging infrastructure is location. Beyond just having fast-charging stations along popular commuter and road trip routes, those chargers should be installed in places with amenities for drivers to use and enjoy while they juice up their…

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“Biden’s First EV Charging Station Online: $7.5B American EV Investments | Giga Gears”

Despite billions in investments for the development of EV infrastructure in the U.S., not a single charging station had gone live thanks to President Joe Biden’s 2021 law — until now. The first EV charger paid for by Biden’s Bipartisan deal has come online in Ohio, according to Reuters, which marks the operational…

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Korean EVs: Fastest Charging and Slowest on the Market | Giga Gears

The biggest deciding factors facing EV buyers today seem to be range and charging speed. How far can you go, and how quickly can your car get juice out of the plug. These are certainly important factors when it comes to an EV driving experience, particularly for longer-distance driving needs. When you’re headed back…

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