EV charging infrastructure growth not keeping pace with EV sales, FT reports

Sales of electric vehicles in the U.S. took only three years to top the 2M threshold, “and less than a year to go from 3mn to 4mn at June-end, reports the Financial Times. “If the rollout of EV charging ports fails to keep pace with the expected growth in sales of the vehicles, the gap in charging stations may hamper the “adoption in the US and their role in reducing emissions,” noted the FT. Companies in the EV space that may be impacted by this include: Tesla (TSLA), Li Auto (LI), ON Semiconductor (ON), Nvidia (NVDA), Lucid Group (LCID) Rivian Automotive (RIVN), ChargePoint (CHPT), EVgo (EVGO), Blink Charging (BLNK) and Wallbox (WBX).