It’s clear that EV sales growth has slowed, and many manufacturers have modified their electrification strategies accordingly. While there are many hurdles to EV adoption, one of the most significant is the charging infrastructure in the United States. The latest news isn’t promising, either. On February 6th, the Federal Highway Administration put the brakes on new funding for state programs to install EV charging stations, saying that state plans would be reviewed and the process would need to start over. There’s no update, so it seems buildouts are paused for the foreseeable future.
As of August 2024, the Department of Transportation reports that the U.S. has approximately 192,000 publicly available charging ports, with approximately 1,000 new chargers added every week. With the halt by the Trump Administration in early February, the original plan added about 23,000 new charging stations to put the total at around 215,000, give or take. Under the Biden Administration, the plan was to deploy 500,000 new chargers by the year 2026. We assume there has been no new marked growth in the nation’s EV charging infrastructure.
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