With electric vehicle sales only accelerating, there’s growing demand for EV charging stations. So much so, the charging market could be worth $111.9 billion over the next six years from $17.59 billion in 2021.
Helping, according to Fortune Business Insights, “Governments worldwide are contributing towards setting up the charging stations. For instance, the Chinese government has approved the development of fast-charging stations by the national policies. Similarly, in the United States, the government is offering all its support and funds to develop EV charging stations.”
All could be substantial news for companies, such as Datametrex AI Limited (TSXV: DM) (OTCQB: DTMXF), Tesla Inc. (NASDAQ: TSLA), EVgo Inc. (NASDAQ: EVGO), Blink Charging Co. (NASDAQ: BLNK), and Wallbox NV (NYSE: WBX).
In addition, the Biden Administration just announced that its committed to build a national network of 500,000 EV charging stations by 2030.
“The U.S. Departments of Transportation and Energy today announced all 50 states, the District of Columbia and Puerto Rico have submitted EV infrastructure deployment plans as required under the National Electric Vehicle Infrastructure (NEVI) Formula Program established and funded by President Biden’s Bipartisan Infrastructure Law,” as noted by the U.S. Department of Transportation Federal Highway Administration.