Global EV charging is about to see a massive buildout. According to Wood Mackenzie’s recent Electric Vehicle Charging Infrastructure Forecast, the number of global EV charging ports is expected to climb at a 12.3% compound annual growth rate between 2026 and 2040, hitting 206.6 million by the end of that period.

Home charging leads the way

Residential charging will continue to be the backbone of the market, with 133 million ports installed globally by 2040. To support that growth, annual spending on EV charging infrastructure will rise steadily at 8% a year, reaching $300 billion by 2040.

“Residential Level 2 charging dominates the global market and will make up about 2 out of every 3 charging ports worldwide through 2050,” said Emil Koenig, senior research analyst at Wood Mackenzie. “Its appeal comes from the balance of convenience, performance, and value that resonates most strongly with EV owners.”

Public charging will also expand, but at a more measured pace compared to home setups. “As utilization in public charging increases and infrastructure efficiency improves, we expect the ratio of EVs to public chargers to rise from 7.5 battery electric vehicles per charger in 2025 to 14.2 in 2040,” said Oliver McHugh, Wood Mackenzie’s senior EV charging research analyst.

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Asia-Pacific dominates, with India rising fast

China continues to lead the global pack in public charging infrastructure, and Asia-Pacific overall is forecast to see around 10% annual growth in DC fast charging from 2025 through 2040. By then, public Level 3 and residential Level 2 charging will represent the largest annual capital spending in the region, at $54 billion and $33 billion, respectively.

India is emerging as a fast-growing market. The country’s DC fast charger network is projected to skyrocket from just 14,000 today to 1.1 million by 2040, thanks to strong government policies and rapid EV adoption.

The Americas keep pace

Despite challenges, the US public fast-charging market is expected to grow at a healthy 14% annual clip, reaching 475,000 ports by 2040 and generating $3.3 billion in annual market value. South America will also ramp up quickly – residential charging in the region is projected to grow at 22% annually as EV adoption accelerates. Residential Level 2 charging will dominate, with $11.2 billion in spending by 2040.

Europe and the Middle East surge

Europe’s public charging infrastructure is on track for 11.3% annual growth through 2040, with DC fast chargers expanding even faster at 13.7%. Residential charging will hit 57 million AC chargers, while commercial charging grows at 12% annually.

Meanwhile, Saudi Arabia is positioning itself as a standout player in the Middle East. The kingdom’s public DC charging segment is forecast to soar at 29% annual growth, supported by aggressive government targets. By 2040, the entire EMEA region will be spending $14 billion each year on public charging and $30 billion on residential charging.

Read more: The US added 4,200 new DC fast charging ports, and that’s just Q2

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Tesla insiders have been unloading their shares at an impressive rate. Excluding CEO Elon Musk, Tesla executives and board members have sold more than 50% of their TSLA shares over the last year.

And that might only be part of the story.

Public companies are required to report insider trading by key executives and board members.

In recent years, Tesla’s number of key executives has dwindled to now only three:

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• Elon Musk
• Tom Zhu
• Vaibhav Taneja

Here’s Tesla’s corporate governance page on its investor relations website:

That’s partly due to several of them leaving in the last year, including Drew Baglino, who was the de facto head of engineering and was listed as a key executive before leaving last year.

It’s also because Musk is known to micro-manage, resulting in him having many direct reports who would generally go through other department heads.

The result is that only two Tesla executives, in addition to Musk, who would have to report his transactions even if he weren’t CEO, since he owns more than 10% of the company, are required to report their stock transactions.

Based on Tesla’s 2024 proxy statement, here were the insider ownership last year:

Now here’s the ownership of Tesla shares and options from insiders based on the 2025 proxy statement:

As you can see, excluding Musk, Tesla insiders sold more than half their shares in the company over the last year.

To be fair, some of those changes also include cancellations of stock options for board members, who settled a shareholders’ lawsuit for having overcompensated themselves.

However, it doesn’t account for the reduction in ownership of more than 6 million shares and stock options, worth approximately $2 billion at today’s share price.

There are also some specific examples of non-board members liquidating their stakes.

Tom Zhu, who has led Tesla’s manufacturing efforts and was at times seen as Musk’s number 2 at Tesla, reduced his stake by 82% in a single year.

This happened while Musk claimed that Tesla will become the most valuable company in the world and roughly 10x its current stock price due to autonomous driving and robots, a claim most unbiased analysts have been highly skeptical about.

Electrek’s Take

More than 50% reduction in ownership in a single year is wild.

But as I hinted at the beginning of the article, this is only what we can see. Other Tesla execs, managers, and employees also have shares and stock options, and they could potentially be selling at an even higher rate. We simply don’t know.

The single reporting person to have bought shares is Joe Gebbia, who only bought about $1 million worth, and he is a multi-billionaire. It would be the equivalent of me buying a few hundred dollars’ worth of Electrek shares – not a great show of confidence in my company.

I’m not in the business of predicting Tesla’s share price. I think it trades mainly on gullible Tesla retail shareholders believing Musk’s lies.

But I believe that Tesla will likely face several challenging quarters in the next few years and may even start incurring losses. I think many executives also see this coming and don’t believe that autonomy and humanoid robots will have a positive financial contribution for a few years, as Musk claims.

Meanwhile, Tesla’s EV business is struggling, and there’s little hope of reversing the trend without fresh new models and innovation – the pace of which appears to have greatly slowed at Tesla, unfortunately.

BMW is tired of missing out, as the Mercedes G-Wagon gets all the attention. That’s why it’s building its own luxury off-roader. BMW’s upcoming flagship SUV may even arrive as an EV.

Will BMW’s off-road luxury SUV launch as an EV?

The new full-size SUV, codenamed G74, will go head-to-head with the Mercedes G-Class and other luxury off-roaders like the Land Rover Defender.

Multiple reports claim it will be built in the US at BMW’s Spartanburg, SC plant, alongside the X5, X6, and X7. A senior BMW official confirmed the rumors, telling Autocar that work on the upcoming flagship SUV is well underway.

“We’re aware of the market potential,” the company official said, adding, “It’s more than just discussions. We have been planning this for a while.”

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Although BMW is keeping most details secret for now, we do know it will be gas-powered. The company official explained that the new SUV “will definitely need an internal combustion engine.”

It’s expected to ride on a modified version of its CLAR platform, which underpins the X5. The chassis will pull elements from its larger SUVs, like the X7, including air suspension, advanced four-wheel drive, and much more, to enhance on and off-road road performance.

It’s set for production in the US from 2029. Will BMW also offer an electric version? Don’t rule one out just yet. BMW officials are considering an electric version that would compete with the growing list of luxury off-road EVs coming from China, including BYD’s Yangwang U8 and the GWM Tank 700.

With several other luxury electric SUVs hitting the market, including the Rivian R1S and upcoming Volkswagen Scout Traveler, BMW may look to defend sales in the US, its second-largest market behind China.

Inside, the new flagship model will feature better quality materials and equipment than the current range-topping vehicles, the BMW official told Autocar.

BMW’s new off-road SUV will likely pull most other elements from its upcoming Neue Klasse models, so why not launch an EV variant?