Electric vehicles are taking over the streets, and that means drivers are looking for more places to charge. The rapid rise in EVs is creating an opportunity for those willing to learn the tricks of the trade. See how you can invest in EV charging stations and play a role in the future of transportation.
Why Invest in EV charging stations
If you are noticing more electric vehicles on your daily commute, it’s not just you. Battery electric vehicle sales hit another record in the second quarter of 2022, rising to 196,788 as overall new vehicle sales slumped 20%.
The electric vehicle share in the US rose to 5.6% compared to 2.7% in the second quarter of 2021. Automakers are introducing new EVs to the market with more range, superior technology, and zero emissions giving drivers a reason to make the switch.
According to information from the PEW Research Center, 42% of Americans say they would consider purchasing an electric vehicle. The survey was taken before the historic climate bill passed, giving new incentives to buy an EV. What’s more interesting is the breakdown by age group.
18-29: 55%
30-49: 47%
50-64: 34%
65+: 31%
Moreover, over half of them live in urban areas. Although it is true most EV owners charge at night, a growing number of people living in cities rent. A new study from Harvard shows overall rental vacancy is at its lowest since the mid-1980s.
Source: NMHC tabulations of 2020 American Community Survey microdata, US Census Bureau. Updated 7/2022
Younger generations are those more likely to be renters, and many apartment complexes don’t have EV charging stations installed yet. Nearly 50% of people under the age of 30 rent, while 10% of those ages 65+ do.
Where EV charging stations are located now
Electric vehicles are expected to account for the majority of vehicles on the road by 2030. However, the most common reason Americans (58%) say they would not purchase an EV is because they fear it will not give them enough range.
Although much is being done to alleviate this fear, there is an opportunity for businesses to participate while contributing to the future of transportation (and earning an extra profit).
The Biden Administration has rolled $5 billion in funding over the next five years through the NEVI program to build a national network of EV charging stations.
Electrify America, a subsidiary of Volkswagen, is working to build a fast charging network across North America.
Automakers like Tesla are also building their own Supercharging network to enable their drivers the freedom to go anywhere. Meanwhile, many of the people in the category above (younger drivers looking to purchase EVs) are looking for more convenient options on their daily routes.
For business owners, this presents an opportunity. And for those that don’t own a business but still want to get involved, there are ways for you to invest in EV charging stations.
EV chargers at Walmart Source: Walmart
How to invest in EV charging stations
To give EV drivers more options, you can install chargers at your business. In particular, if customers stay for more extended periods of time, it may be worth considering. For example, a quick stop (under five minutes) may not be worth it, but it’s a different story for restaurants, entertainment venues, bars, clubs, malls, small businesses, and even workplaces.
Installing EV charging stations is an investment in your business. As electric vehicles continue gaining market share, having convenient charging options can help drive traffic with increased visibility.
Many popular digital map services (like Google Maps) now offer solutions to find charging stations, while others like Plugshare are specifically designed to locate them.
That being said, having electric vehicle charging options available can drive business. There are over $2 billion in utility-provided rebates and $60 million in government grants to help you get started (see what incentives are in your state here). Companies like ChargePoint make it easy with different charging options and valuable tools to help you manage data.
What about those that don’t own a business
If you don’t own a business and still want to invest in EV charging stations, you can always opt to own a piece of one of the companies listed above. For example, buying stock in companies like Tesla (TSLA) or ChargePoint (CHPT) can give you exposure to the expected massive growth in electric vehicles and its supporting factors over the next several years.
To gain exposure to the entire electric vehicle market, an ETF like KraneShares Electric Vehicles & Future Mobility ETF (KARS) has holdings in companies like Tesla, ChargePoint, Nio (NIO), Albemarle (ALB), BYD, Rivian (RIVN), Lucid (LCID), Aptiv (APTV) and more.
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Hyundai’s electric SUV is more affordable than ever. After cutting lease prices again this month, you can lease the new 2025 Hyundai IONIQ 5, which now features a longer range and a Tesla NACS charging port, for just $179 per month.
Hyundai cuts 2025 IONIQ 5 lease prices again in June
The 2025 Hyundai IONIQ 5 is better in every way possible compared to the outgoing model. It now boasts up to 318 miles of driving range, sleek new styling both inside and out, and an NACS port, allowing you to charge at Tesla Superchargers.
Hyundai’s electric SUV remains a top seller in the US with nearly 16,000 models sold through May. After cutting lease prices again in June, Hyundai looks to draw in even more buyers.
The 2025 Hyundai IONIQ 5 SE Standard Range RWD is now listed at just $179 for 24 months with $3,999 due at signing. That’s a notable difference from May.
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Last month, IONIQ 5 lease prices started at $209 a month. Although that was considered one of the best EV deals, the new rate will save you $30 a month.
2025 Hyundai IONIQ 5 Limited (Source: Hyundai)
The SE Standard Range trim starts at $43,975, with a driving range of up to 245 miles. However, the extended range SE model may be an even better deal. You can upgrade to the longer-range SE trim, which has up to 318 miles of range, for just $199 a month.
You can even lease the off-road XRT variant for $299 a month right now. Hyundai’s offers end on July 7 and include the $7,500 federal EV tax credit.
2025 Hyundai IONIQ 5 Trim
EV Powertrain
Driving Range (miles)
Starting Price*
Monthly lease price June 2025
IONIQ 5 SE RWD Standard Range
168-horsepower rear motor
245
$42,500
$179
IONIQ 5 SE RWD
225-horsepower rear motor
318
$46,550
$199
IONIQ 5 SEL RWD
225-horsepower rear motor
318
$49,500
$209
IONIQ 5 Limited RWD
225-horsepower rear motor
318
$54,200
$309
IONIQ 5 SE Dual Motor AWD
320-horsepower dual motor
290
$50,050
$249
IONIQ 5 SEL Dual Motor AWD
320-horsepower dual motor
290
$53,000
$259
IONIQ 5 XRT Dual Motor AWD
320 horsepower dual motor
259
$55,400
$359
IONIQ 5 Limited Dual Motor AWD
320-horsepower dual motor
269
$58,100
$299
2025 Hyundai IONIQ 5 prices and range by trim (*includes $1,475 destination fee)
As an added bonus, Hyundai is still offering a free ChargePoint Level 2 home charger with the purchase or lease of a new 2025 IONIQ 5. If you already have one, you can opt for a $400 public charging credit.
With Trump’s “One Big Beautiful Bill” calling to end federal EV incentives, including the $7,500 tax credit, many of these savings will soon dry up.
Want to check out Hyundai’s electric SUV for yourself? With leases as low as $179 per month, it’s hard to pass up right now. You can use our link to find deals on the 2025 Hyundai IONIQ 5 in your area (trusted affiliate link).
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Canadian oil and gas pipeline giant Enbridge just launched its first solar farm in Texas, adding more clean energy to its “all-of-the-above” energy mix, mainly fossil fuels.
Enbridge’s Orange Grove Solar project in Jim Wells County now sends up to 130 megawatts (MW) of clean electricity to the Texas ERCOT grid. That’s enough to power around 24,000 homes. Roughly 300,000 solar panels stretch across 920 acres.
AT&T has signed a long-term virtual power purchase agreement for all the output from Orange Grove. That deal helps AT&T reduce its carbon footprint and stabilize long-term energy costs.
“We are pleased to be able to deliver additional zero-emission electricity into the grid in support of local and Texas state-wide economic growth and energy demand,” said Matthew Akman, Enbridge’s EVP of corporate strategy and president of its power business.
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This isn’t Enbridge’s first dip into renewables: it bought its first wind farm in 2002, and it says its renewable assets are part of its plan to achieve net zero by 2050.
But Enbridge is still ultimately best known for its oil and gas pipelines – and its troubled environmental history. In 1991, the company was responsible for the largest inland oil spill in the US, in Minnesota. It’s faced criticism for other spills and environmental risks tied to its pipeline network, which is the longest across North America and the largest oil export pipeline network in the world.
Enbridge is building a second, much larger solar farm southeast of Abilene in Callahan County. Called the Sequoia Solar project, it’s expected to generate 815 MW of power – more than six times the size of Orange Grove – making it one of the biggest solar farms in North America once it’s complete.
Both projects are part of Enbridge’s growing push into clean power, especially in Texas, where demand for electricity in the ERCOT market keeps climbing. It’s a notable shift for a company still deeply rooted in fossil fuels without plans to abandon them. But it’s now tapping into the sun as part of its evolving energy portfolio.
Akman continued, “Enbridge is proud to operate a wide range of critical energy infrastructure across the Gulf Coast area, including liquids pipelines and export facilities, natural gas pipelines and storage, as well as wind and now solar power.”
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Kia’s new entry-level EV was spotted driving in the US with its official launch just around the corner. The EV4 is Kia’s first electric sedan, and in real life, it looks even better.
Kia EV4 spotted in real life on US streets
We’ve been waiting since Kia’s first annual EV day in 2023, when we first saw the concept for the electric sedan, to finally arrive. The EV4 is part of the brand’s new lineup of entry-level electric vehicles, alongside the EV2, EV3, and EV5.
After opening EV4 pre-orders in Korea earlier this year, Kia is preparing to launch it globally. The electric car starts at about $30,000 (41.92 million won) in its home market.
Similar to Korea, the EV4 will be offered in the US with two battery options: 58.3 kWh and 81.4 kWh. The entry-level “Light” trim will come with a standard 58.3 kWh battery, which Kia estimates will provide a range of 235 miles.
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The Wind and GT-Line trims will be available with the long-range 81.4 kWh battery, providing up to 330 miles of range.
2026 Kia EV4 (Source: Kia)
Kia says the EV4’s sports car-like design contributed to its impressive driving range. With a drag coefficient of just 0.23, the EV4 is Kia’s most aerodynamic vehicle yet.
It will also come with a built-in NACS port on the front passenger side for charging at Tesla Superchargers. With DC fast charging, the EV4 can recharge from 10% to 80% in about 29 minutes (Light battery). The long-range (81.4 kWh) battery will take around 31 minutes.
2026 Kia EV4 electric sedan (Source: Kia)
The EV4 was recently spotted driving in the US ahead of its official launch, giving us a better idea of what Kia’s electric sedan looks like in real life.
The video, courtesy of KindelAuto, shows the EV4 with Michigan plates on public roads. You can see it’s not your average four-door sedan. Kia calls it an “entirely new type of EV sedan” with a wide, low stance.
2026 Kia EV6 spotted driving in the US ahead of upcoming launch (Source: KindelAuto)
Kia’s new “EV Tiger Face” design is showcased up front, featuring vertical headlights and its signature Star Map lighting.
The interior will feature nearly 30″ of screen space as part of Kia’s new connected car Navigation Cockpit (ccNC) infotainment system.
Kia EV4 GT-Line interior (Source: Kia)
The setup includes dual 12.3″ driver display and navigation screens, plus a 5″ climate screen. It also offers wireless Apple CarPlay and Android Auto support.
Kia will launch the EV4 in Europe later this year and in the US in early 2026. We will learn prices closer to when it arrives, but Kia’s electric sedan is expected to start at around $35,000 to $40,000.
We also got a look at the upcoming EV4 GT this week, after it was spotted outside Kia and Hyundai’s facility in Korea.
What do you think about Kia’s first electric sedan? Would you buy one for around $35,000? Let us know in the comments.
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