There might not be the same degree of optimism regarding electric vehicle adoption as a few short years ago, but the transition toward battery-electric vehicles continues nevertheless. More than 1.8 million EVs had already been sold between the start of this year and the end of August, according to analysts. And in the US, there has been a large uptick in drivers considering EVs that they might have written off last year, due to escalating fuel prices with no clear end in sight.
Despite this, charging infrastructure continues to lag, according to a new report from ChargePoint. I think the North American market has been better shaped than a lot of the press reports,” said ChargePoint CEO Rick Wilmer. They haven’t slowed down.
We reported quarter over quarter growth in the last quarter we reported. And you look at the data around used EVs going up in price because the demand is so high. I saw a recent report… EV retention rates are 96 percent.
So those folks that are putting their leased cars on the used market, they’re not going back to gas, they’re going to another EV,” he said. Beyond that, cheap electric trucks from Slate and Ford indicate further future demand for charging. I asked Wilmer what the ideal utilization rate ought to be.
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