📈 Business & Markets

Dude, where’s the next charging station?

Monday, Jul 18, 2022

Image: GM

General Motors announced a partnership late last week with Pilot and EVGo to construct a coast-to-coast network of fast-charging stations for electric vehicles.

🚘🔌 A deeper dive… The national charging network will be available and accessible to all EV brands (it’s unknown whether for free or not), with GM owners receiving certain added perks like price discounts and exclusive reservations.

  • All in all, it’ll feature a total of 2,000 DC charging stalls. These will be located at 500 Pilot stations every ~50 miles along highways across the country.
  • DC chargers are significantly faster than their AC counterparts, and usually take 15-45 minutes to charge most EVs up to 80%.
  • GM’s new stations are set to offer a maximum charge rate of ​​350kW, more than a large majority of EVs on the market can handle – so the station automatically adjusts the current to the proper level for each specific vehicle.

📈 Zoom out: More than 5% of all new car sales nationwide have been EVs over the past six months, putting America past the tipping point for mass EV adoption, according to a recent Bloomberg analysis. If the US follows the trend of other countries that have embraced EVs, a quarter of all new cars will be fully electric by 2025.

+One interesting thing: “Charging logistics” was cited by US adults as the largest barrier to purchasing an EV, per a recent survey by Consumer Reports.

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