ChargePoint launches an affordable EV charger for fleets
ChargePoint (NYSE: CHPT) has just rolled out an affordable EV charging solution for fleets aiming to go electric without breaking the bank.
The new CPF50 Level 2 charger is priced at $699, making it easier for fleet operators to electrify their vehicles with lower upfront costs. This solution is perfect for small businesses starting to make the switch or larger fleets that want to cut their total cost of ownership.
The CPF50 can be paired with ChargePoint’s fleet management software, which keeps fleet operators in the loop with real-time data on vehicle readiness, power usage, and charging station status. It also provides energy management tools to help save on fuel costs, manage access control, and simplify the complexities of station management. Multiple CPF50 units can be managed through the cloud, allowing power sharing to cut charging costs and extend battery life. Plus, the CPF50 can be fitted with either J1772 or NACS connectors, so it’s flexible enough to work with different types of EVs.
ChargePoint CEO Rick Wilmer emphasized the company’s goal of making it easy for everyone to go electric, whether it’s individuals, businesses, or fleets. The CPF50, the company’s lowest-cost commercial charger yet, aims to make EV charging more accessible for small and large fleets alike. “We’re making the hardware more affordable, and when combined with our powerful fleet software platform, the offering can meet the charging needs of fleets of all sizes to optimize their savings,” Wilmer said.
With transportation accounting for almost 30% of greenhouse gas emissions in the US, electrifying fleets is a huge step toward achieving federal emissions reductions targets. Electric commercial vehicles are now starting to roll out across light, medium, and heavy-duty categories, allowing more fleets to finally make the shift to electric and cut down on emissions.
ChargePoint is also looking ahead to charging electric heavy-duty vehicles. Its Megawatt Charging System is set to make long-haul electric trucking feasible, with chargers delivering energy up to 20 times faster than current DC chargers for passenger EVs. Announced earlier this year, ChargePoint’s Megawatt Charging System will support bi-directional charging and will enable output of up to 3 megawatts in the future.
Read more: Porsche just officially paired up with ChargePoint in the US
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Elon Musk has claimed that the Democratic party organized recent protests at Tesla locations worldwide. As he usually does with his wild claims lately, he hasn’t offered any proof whatsoever.
Over the last few weeks, there have been growing protests at Tesla locations around the word.
It started small with just a few locations in the US, but it has since grown to now dozens of locations every weekend, with sometimes hundreds of people at some locations.
Protestors have different reasons for wanting to disrupt Tesla, but they are mostly centered around seeing the company as Elon Musk’s piggybank and they are upset at his involvement in the government through his financial contribution to Trump’s election and his role at the Department of Government Efficiency (DOGE).
Musk took to X today to comment on the situation, and he made the claim that the protests at Tesla locations are funded by ActBlue:
An investigation has found 5 ActBlue-funded groups responsible for Tesla “protests”: Troublemakers, Disruption Project, Rise & Resist, Indivisible Project and Democratic Socialists of America. ActBlue funders include George Soros, Reid Hoffman, Herbert Sandler, Patricia Bauman, and Leah Hunt-Hendrix. ActBlue is currently under investigation for allowing foreign and illegal donations in criminal violation of campaign finance regulations. This week, 7 ActBlue senior officials resigned, including the associate general counsel.
ActBlue is a political action committee (PAC) used by the Democratic Party.
Musk did not elaborate on what “investigation” he was referring to nor did he provide any proof to back up his claim. In fact, he even asked for people to help provide information:
“If you know anything about this, please post in replies.”
Musk directly named Reid Hoffman, his former Paypal Mafia friend turned foe due to political differences, who was quick to deny any involvement:
Just one more of Elon’s false claims about me: I never funded anyone for Tesla protests. I don’t condone violence. But it’s clear Americans are angry at him – it’s easier to explain away their anger, than to accept that actions have consequences.
While the Democratic Party could be sympathetic to the Tesla protestors, there’s no evidence that they started the “Tesla Takedown” movement or have any significant involvement.
As we previously reported, it started as a grassroots movement with some posts on BlueSky, an X competitor, last month.
It has since gained considerable momentum, and they are now using Action Network, an open platform, to organize. As it grew, some groups have gotten involved to organize local protests, like The Disruption Project, which claims to stand “against the unjust systems of racial capitalism, the hetero-patriarchy, white supremacy and settler colonialism.”
In Seattle, The Troublemakers, a local environmentalist group, has also been helping organize.
The biggest blow to Musk’s claim is that there have also been protests outside the US, including in Canada and Europe. It’s unlikely that the US Democratic party would be involved in those.
There are currently six protests planned in Europe by the “Tesla Takedown” in the coming weeks:
Musk has also been involved in European politics, promoting far-right parties throughout Europe.
Along with the claims about the Tesla protests, Musk also retweeted someone linking several Cybertrucks burning down at a Tesla location in Seattle to “Democrat NGOs”:
Again, this claim is without evidence. In fact, the fires are still under investigation and it hasn’t yet been confirmed if it was arson.
Electrek’s Take
Could the Democratic Party be involved in some of the protests? It wouldn’t shock me, but you can claim that without proof.
I think most people involved in the protests are just mad at Elon for any of the hundreds of stupid things he has done or said in the last few months, including doing a couple of Nazi salutes at Trump’s inauguration.
He prefers to think that there’s some grand conspiracy against him because that’s easier to swallow than people hating home for being a compulsive liar, oligarch dork with the sense of humor of a maladjusted 13-year-old.
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Environment
U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday.
Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at the CERAWeek by S&P Global. The U.S. is in “active dialogue” with Canada and Mexico, the energy secretary said.
President Donald Trump has paused until April 2 tariffs on Mexican and Canadian imports that are compliant with the agreement which governs trade in North America. Trump originally imposed broad 25% tariffs on goods from both countries as well as lesser 10% tariffs on energy imports from Canada.
It’s unclear, however, how much of the oil, gas and other energy that the U.S. imports from Canada is compliant with the United States-Mexico-Canada Agreement. Wright declined to provide specifics when CNBC asked how much of those imports are USMCA compliant.
“I’m going to avoid the details for now,” Wright said. The energy secretary said, “We can get to no tariffs or very low tariffs but it’s got to be reciprocal” in an interview with CNBC’s Brian Sullivan.
Canada’s energy minister, Jonathan Wilkinson, warned last week that energy prices will rise in the U.S. if the tariffs on energy imports go into full effect.
“We will see higher gasoline prices as a function of energy, higher electricity prices from hydroelectricity from Canada, higher home heating prices associated with natural gas that comes from Canada and higher automobile prices,” Wilkinson told CNBC’s Megan Cassella in an interview.
The U.S. has been the largest producer of crude oil and natural gas in the world for years. But many refiners in the U.S. are dependent on heavy crude imported from Canada. The U.S. imported 6.6 million barrels of crude oil per day on average in December, more than 60% of which came from Canada, according to the Energy Information Administration.
Wright acknowledged that the tariffs are creating uncertainty in energy markets as negotiations continue.
“We’re in the middle of negotiations for where things are going to go with tariffs, so that feels frightening and gripping right now but this time will pass,” Wright said. “Deals will be made, we’ll get certainty and we’ll have a positive economic environment for Americans going forward.”
U.S. crude oil fell more than 1% Monday to close at $66.03 per barrel, while global benchmark Brent closed at $69.28 per barrel. Crude oil futures have pulled back substantially as Trump’s trade policy creates uncertainty and OPEC+ has confirmed that it plans to gradually bring back 2.2 million barrels per day of production beginning next month.
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