3 min read
EV Charging by the Numbers: November 2024 Roundup
The U.S. EV charging landscape recently reached a major milestone: there are now more than 200,000 active public EV charging ports nationwide, which reflects steady progress in expanding charging infrastructure to meet consumer demand. In the dynamic EV charging market, insights like this are crucial for understanding the scope of industry shifts and navigating the complexities of this evolving landscape.
Read on for a data-driven snapshot of the latest EV charging industry numbers in the U.S. and what they mean for drivers, cities, and the charging industry as a whole.
Milestones for Public Charging Ports
- The Joint Office of Energy and Transportation recently reported that the total number of public EV charging ports jumped by approximately 9,000 in just seven weeks, showcasing the country’s accelerated effort toward a robust EV infrastructure.
With this growth, the U.S. is well-positioned to achieve its ambitious target of 500,000 public chargers by 2030.
Charging Across Major U.S. Corridors
- As of September 2024, nearly 58 percent of high-traffic corridors in the U.S. are equipped with fast chargers at intervals of 50 miles.
- This coverage will expand further, aiming for 70 percent corridor availability by late 2025—a move set to mitigate one of the key barriers to long-distance EV travel.
- The Northeast region of the country has experienced the highest percentage of growth in public charging infrastructure, with a 6.9 percent increase in EV charging ports from Q4 2023 to the end of the first quarter of 2024.
- The Alternative Fuels Data Center’s Q1 2024 report, released in September, reported that the number of private Level 2 EV charging ports increased by 3.5 percent, noting that more than half of these additions were on the Livingston Energy Group (now ViaLynk) network.
EV Market Growth & Interest
- Demand for public charging is expected to rise sharply as EVs now represent nearly 10 percent of the light-duty vehicle market. With more EV models hitting the market, U.S. charging infrastructure will play an increasingly vital role in meeting the needs of a diverse and growing base of EV drivers.
- Page views for EVs on Carvana.com grew by 226 percent year-over-year in Q3 2024, demonstrating increased consumer interest in used EVs.
Lynkwell is playing a key role in the U.S. EV charging market, where public funding, private investments, and infrastructure programs are driving the development of a more sustainable and accessible charging network. Offering a comprehensive range of solutions that make it easier for businesses to become EV charging destinations with a single call, Lynkwell is supporting the industry’s growth with reliable, scalable and resilient EV charging solutions.
Ready to capture your share of the EV charging market? Consult a charging expert today to learn how our innovative solutions can help you stay ahead in this rapidly growing market.
Sources:
Related Insights
Discover news, perspectives, education and more from Lynkwell’s team of experts.
Unlocking the Benefits of EV Make-Ready Programs for Charging Infrastructure
As electric vehicles (EVs) continue to gain popularity, one of the primary challenges is ensuring there are enough charg…
Lynkwell Receives New York State Hospitality and Tourism Association’s 2024 Partner of the Year Award
Lynkwell is proud to announce its recognition by the New York State Hospitality and Tourism Association (NYSHTA) as the …
Key Takeaways from Plug In America’s 2024 EV Driver Survey: Insights into EV Charging Habits and EV Market Dynamics
Plug In America, in collaboration with EPRI’s EVs2Scale2030 initiative, has unveiled its fourth annual EV Driver Surve…