The EV Charging Networks that will enable us to meet our climate goals require a massive investment. In a classic market failure (or “chicken and egg”), consumers are wary to buy EVs without sufficient charging infrastructure to support them, limiting demand; and firms are reluctant to invest in chargers unless they expect EV sales to increase, limiting supply. We’re working to overcome this barrier by leveraging government resources to spur private investment through the National Electric Vehicle Initiative (NEVI) Formula Program. In addition, New York City has a number of initiatives that are making it easier for residents and businesses to adopt EVs by increasing the number of public L2 and DC Fast Chargers available in the five boroughs.
While some automakers have their own networks, such as Ford and GM’s EVgo stations, most focus on partnerships with existing networks. Tesla has its own Supercharger network that can only be used with the company’s own vehicles, but it plans to open up its network to all EV models in the future.
Another large player in the EV charger network space is Blink, which designs, manufactures, and operates EV charging stations around the world. Unlike most networks, Blink’s stations can be privately owned by individuals and businesses, which gives them the ability to control usage and pricing. The system also includes smart grid functionality to communicate with the energy provider and activate charging when conditions are optimal, such as during off-peak hours. EV Charging Networks