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New data from ChargePoint on high EV charging infrastructure demand

February 15, 2024

ChargePoint has released new data showing a significant increase in demand for EV charging.

The data reveals that EV sales have been growing rapidly, reaching record high numbers in the U.S. last year. In 2023, the ChargePoint network globally saw a 53% increase in annual charging sessions, dispensing over 1 TWh of energy, a 70% increase year-over-year.

The data also shows that global utilization on the ChargePoint network outpaced active port growth across all commercial sectors in 2023. BloombergNEF predicts that EV sales could reach nearly 2 million vehicles in the U.S. in 2024, indicating that charger utilization will continue to grow, necessitating more infrastructure to meet EV drivers’ charging needs.

In North America, fueling & convenience locations, typically high-powered charging hubs along major highways, saw a 109% increase in charging sessions year-over-year, compared to approximately 47% year-over-year increase in active ports. Workplace charging stations saw approximately 64% increase in charging sessions year-over-year, compared to an approximately 22% increase in active port growth.

Other segments that saw notable session growth in North America in 2023 include corporate fleets, with charging sessions increasing approximately 83% from the prior year compared to an approximately 54% increase in active port count; and multifamily commercial properties, which saw approximately 40% increase in charging session growth, compared to approximately 24% increase in active ports.

In 2023, drivers spent more than 180 million hours charging across ChargePoint’s network of more than 274,000 active ports under management globally. ChargePoint reported a 49% year-over-year worldwide increase in annual active drivers and surpassed 1 million quarterly active drivers globally during the Company’s fiscal third quarter.

ChargePoint estimates that over eight billion electric miles have been driven to date, with drivers avoiding over 1.6 million metric tons of greenhouse gas emissions.