A new study by Bloomberg Green shows electric vehicle charging stations will outnumber traditional fuel stations in the next eight years as companies invest more in EV charging opportunities.
The Department of Energy reports nearly 700 new fast charging stations opened during the second quarter of this year, bringing the number of stations across the country to more than 10,600. Overall, the DoE table shows more than 65,000 charging stations of all types across the country, with California far ahead of any other state. Right now, there is one fast EV charging station for every 15 fuel stations across the country.
The study shows U.S. operators will spend more than $6.1 billion on fast charging stations this year, which doubles the investment from last year. That investment is expected to double again by 2030. So far this year, traditional gas stations along interstates owned by Shell, Flying J, and Pilot added fast charging stations.
While electric vehicle sales have slowed this year, the International Energy Agency expects EV sales to climb to 2.5 million vehicles in 2025. Part of that success will depend on owners being relieved of “charging anxiety” which happens as EV owners fear their battery will die before they reach a charging station.