Connect with us

Published

on

There are currently more than 160,000 EV chargers in the US. Here’s how many the auto industry data analysts at S&P Global Mobility think the US will need to install by 2030.

How many EV chargers the US has

S&P Global Mobility estimates that there are presently around 16,822 Tesla Superchargers and Tesla destination chargers in the US, along with 126,500 Level 2 and 20,431 Level 3 charging ports.

The number of charging ports increased more in 2022 than in the preceding three years combined, with about 54,000 Level 2 and 10,000 Level 3 chargers added during 2022.

S&P Global Mobility says registration data shows that there are 1.9 million EVs on US roads – 0.7% of the 281 million vehicles in operation – as of October 31, 2022.

New light-vehicle registration share for EVs reached 5.2% over the first 10 months of 2022, and rapid growth is going to happen, thanks to consumer demand, US government policy that incentivizes EV purchases like the Inflation Reduction Act, and increasing interest and investment from the financial sector.

How many EV chargers the US needs

EV market share for new vehicles is likely to reach 40% by 2030, at which point the total number of EVs in operation could reach 28.3 million, according to S&P Global Mobility forecasts.

The group expects that there will need to be about 700,000 Level 2 and 70,000 Level 3 chargers deployed, including both public and restricted-use facilities.

So in order to match the charging needs of all those EVs, the US will need to quadruple the number of EV chargers between 2022 and 2025, and grow more than eight-fold by 2030, even taking home charging into account, according to the analysts.

By 2027, the analysts expect that there will be a need for about 1.2 million Level 2 chargers and 109,000 Level 3 chargers deployed nationally.

And looking to 2030, with the assumption that there will be 28.3 million EVs on US roads, a total of around 2.13 million Level 2 and 172,000 Level 3 public chargers will be required, in addition to home EV chargers.

Where EV chargers are going

Demand and installation across the 50 states won’t be evenly distributed. Just 35 states have signed on for federal assistance under the Bipartisan Infrastructure Law, of which $7.5 billion will be spent on EV charging infrastructure. President Joe Biden has pledged that the federal government will pay for the installation of 500,000 chargers.

The four states with the highest number of EVs in operation and highest new-vehicle registrations traditionally are California, Florida, Texas, and New York.

Because these states all take a different approach to emissions reduction – that is, California and New York prioritize it and Florida and Texas don’t – S&P Global Mobility attributes this growth to the size of their markets.

California is in the lead by far, with nearly 37% of total EVs in operation and nearly 36% of total US light-vehicle EV registrations from Jan-Sept 2022.

Florida sits in a distant second with 7.4% of light-vehicle EV registrations and 6.9% of EVs in operation. Texas comes in at 5.8% of EVs in operation and 6.4% of EV light-vehicle registrations.

As an example of what is and what’s needed at the state level, Texas currently has about 5,600 Level 2 non-Tesla and 900 Level 3 chargers, but S&P Global Mobility forecasts that the Lone Star State will need around 87,500 Level 2 and 7,800 level 3 chargers to support the expected 1.1 million EVs in operation by 2027.

Eighty-five percent of Level 3 chargers and 89% of Level 2 chargers are currently located in the 384 US Metropolitan Statistical Areas (MSAs) as defined by the US Census Bureau. For Tesla owners, 82% of Tesla Superchargers and 83% of its destination chargers are in MSAs.

S&P Global Mobility analyst Ian McIlravey said:

The focus on urban areas follows where EVs are today, but distribution will need to be much wider as vehicles in operation grow, and consumers need to charge along their routes.

And Graham Evans, S&P Global Mobility research and analysis director, said:

For mass-market acceptance of BEVs to take hold, the recharging infrastructure must do more than keep pace with EV sales.

It must surprise and delight vehicle owners who will be new to electrification, so that the process seems seamless and perhaps even more convenient than their experience with gasoline refueling, with minimal compromise on the vehicle ownership experience.

Electrek’s Take

What the US really needs is an increase in the density of DC fast chargers, and the strategic location of said DC fast chargers in convenient, well-lit places.

It’s not useful to have hundreds of Level 2 chargers along an interstate. People who are road tripping need convenient fast chargers right off the road.

This is why Tesla Superchargers are great. Anyone who has used them on the New Jersey Turnpike, for example, knows what I’m talking about. You pull straight off, they’re in a conspicuous, well-lit area, and there’s food and restrooms right next to them. They’re safe and convenient. Within 20 minutes you’re back on the road.

Compare that to my two-hour road trip last week from Boston to Vermont in my VW ID.4. Logan Airport has 6.5 kW EV charging ports in the parking garage. They’re free, and that’s nice, but you’re not allowed to leave your car plugged in while you’re traveling.

What in the hell are you going to do with a 6.5 kW charging port at the airport? Sleep in your car after you return?

Airports really ought to provide each EV parking spot with a Level 1 outlet that you can just plug your car into while you travel. That would be a dream.

So I drove to Somerville, just a couple miles from Logan, to a set of three 150 kW Electrify America charging ports. I had to put my credit card into the kiosk to get into the parking garage where they were located. I had to search for them. They were isolated, near no bathrooms, and it was 10 p.m. It was far from an ideal experience. Rollout of new EV charging ports needs to correct this situation.


UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla wipes odometer on Cybertruck in service, scratches it, and returns it to owner

Published

on

By

Tesla wipes odometer on Cybertruck in service, scratches it, and returns it to owner

Tesla has wiped off the 26,000 miles on the odometer of a Cybertruck in service, scratched the vehicle, and then returned it to the owner like nothing happened.

A Tesla Cybertruck owner in Oregon was quite surprised when he went to pick up his Cybertruck, which was in service to install a new lightbar, fix some panel gaps, and figure out an ABS alert that wouldn’t go away.

According to a thread on the Cybertruck Owners Club, Tesla had wiped the odometer clean on the Foundation Series ‘Cyberbeast’, which had over 26,000 miles on it.

The owner shared a video of the Cybertruck’s odometer going from 0 to 1 mile for the second time:

Advertisement – scroll for more content

The odometer on the vehicle was wiped and both the app and service many also showed the same mileage.

The owner shared a screenshot of the app after 15 miles:

He went to the online forum for advice:

Anyone else have their odometer Thanos-snapped after a controller swap? Can Tesla unsnap it or am I forever “True Mileage Unknown”?

Interestingly, Tesla is currently being sued for allegedly messing with the odometers of its vehicles. However, the lawsuit is for accelerating the mileage, not reducing it, like in this case.

It was not the only surprise from this service visit for this Cybertruck owner.

The owner was not satisfied with the lightbar installation, which he claims has a half-inch gap on the passenger side while it is flush on the driver side. He wrote:

It’s basically smiling sideways at everyone.

It’s also unclear why Tesla was messing with the vehicle’s tailgate, but it ended up having a bolt moving around it, causing scratches and Tesla left a bolt unbolted:

At this point, the truck was returned with more problems than it had when it entered service.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Ray Dalio says the risk to U.S. Treasuries is even greater than what Moody’s is saying

Published

on

By

Ray Dalio says the risk to U.S. Treasuries is even greater than what Moody's is saying

Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.

Bloomberg | Bloomberg | Getty Images

Bridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasuries, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt.

“You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media platform X.

“They don’t include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they’re getting (rather than from the decreased quantity of money they’re getting),” the Bridgewater founder said.

Moody’s on Friday cut the U.S. credit rating one notch to Aa1 from Aaa, citing the federal government’s ballooning budget deficit and soaring interst payments on the debt. It was the last of the three major credit agencies to downgrade the U.S. from the highest possible rating.

U.S. stocks fell on Monday as the 30-year Treasury bond yield jumped to 4.995% and the 10-year note yield climbed to 4.521% in response to Moody’s downgrade.

“Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying,” Dalio said.

Bridgewater’s assets under management dropped 18% in 2024 to some $92 billion, Reuters reported in March, down from a recent peak of $150 billion in 2021.

Continue Reading

Environment

Nissan may have just found its saviour… Toyota?

Published

on

By

Nissan may have just found its saviour… Toyota?

Nissan is on the brink of collapsing. After the Honda deal fell through, it looks like another Japanese automaker is tossing it a lifeline. As Nissan struggles to stay afloat, Toyota is emerging as a potential “backer” in a new tie-up.

Are Toyota and Nissan partnering?

“If we don’t take action now, the situation will only get worse,” Nissan’s President, Ivan Espinosa, said during a press conference on May 13.

Facing falling sales, ballooning debt, and slumping profits, Nissan introduced a new recovery plan last week, “Re:Nissan.” The struggling automaker aims to cut costs by 250 billion yen to return to profitability by FY 2026.

As part of its efforts to turn the business around, Nissan will cut 20,000 jobs by FY2027. It’s also abandoning plans to build a new EV battery facility in Japan. Seven other plants will be closed, including one in Thailand and two in Japan.

Advertisement – scroll for more content

After its planned EV merger with Honda fell through in February, rumours surfaced that Nissan was scrambling to find another partner.

Nissan-Toyota-partnership
(Source: Nissan)

According to a new report from Japan’s MainiChi, a Toyota executive recently reached out to Nissan about a potential partnership. The tie-up could involve Toyota acting as Nissan’s “backer” to support it while it restructures.

Nissan and Toyota both unveiled a wave of new electric vehicles set to roll out over the next few years. The upgraded Nissan LEAF EV will arrive in the US and Canada later this year with more range, an NACS port, and a new crossover style. It will be one of ten new Nissan or Infiniti models to arrive by 2027.

Nissan-Toyota-partnership
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

In Europe, Nissan will launch the next-gen LEAF later this year, followed by the new Micra EV and Qashqai electric crossover. In 2026, the new Nissan Juke EV will join the lineup.

Nissan-Toyota-EV-partnership
Nissan’s lineup for Europe. From left to right: The new Nissan Qashqai, LEAF, and Micra EV (Source: Nissan)

Meanwhile, Toyota’s upgraded bZ electric SUV (formerly the “bZ4X”) will arrive at US dealerships in the second half of 2025.

In 2026, the smaller C-HR electric SUV and rugged bZ Woodland EV will follow. By the end of the year, Europe will see three new Toyota electric SUVs: the C-HR+, Urban Cruiser, and upgraded bZ4X.

Electrek’s Take

Toyota already has a stake in several Japanese automakers, including Subaru (20%), Mazda (5.1%), Suzuki (4.6%), and Isuzu (5.9%), so backing Nissan wouldn’t come as a shock.

Espinosa said Nissan was open to new partnerships. Nissan’s chief said the company will continue collaborating with others, including Mitsubishi, which will use the upcoming LEAF as the basis for its new EV for North America.

Japanese carmakers have been notoriously slow in shifting to all-electric vehicles, which is now costing them in key overseas markets like Southeast Asia, Central and South America, and others.

Chinese EV leaders, like BYD, are quickly expanding overseas to drive growth this year. Next year, it will launch its first kei car (see the first spy shots), or mini EV, which is already being called “a huge threat” to Japan.

Pooling resources and teaming up may be the best (or only) option at this point. Can Toyota help Nissan turn things around? Or will it be too little, too late? Let us know your thoughts in the comments.

Check back soon for details. This is a developing story. We’ll keep you updated with the latest.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending