Blink Charging — Projects staggering 10 million EV’s by 2025
Blink Charging — How the EV landscape is set to transform
The system for charging electric vehicles in the United States is still in its infancy. Blink Charging, a Florida-based company that builds, operates, and runs electric vehicle charging stations, is especially well-positioned. Still, it needs to fill significant regional gaps and greatly expand its portfolio of quick chargers.
Blink Charging was a forerunner in creating Level 2 and Level 3 charging infrastructure in the United States. Michael Farkas formed Blink Charging Co. (BLNK) in 2006.
“Global EV purchases are forecasted to rise to 10 million by 2025, and Blink is committed to expanding our EV charging network in the locations most requested” — Blink Charging
The charging infrastructure company currently has 3253 locations in the United States, covering about 27 states. Electric vehicle (EV) charging equipment as well as networked EV charging networks are the company’s main priority. Blink Charging currently operates in the states of Arizona, California, Florida, Oregon, Tennessee, Texas & Washington.
The Blink Charging stock has soared to new heights due to increased interest and a surge in the availability of clean energy stocks. Blink Charging appears to be among the most appealing stocks in the United States with such rapid growth.
Rapidly Growing EV Charging Infrastructure
This is in part thanks to a small group of innovative companies. It may not be immediately apparent to the typical freeway user yet, though America’s electric vehicle charging infrastructure is growing every single day and will likely be included on those blue informative freeway signs alongside the famous gas station brands.
As EV charging points are becoming more prominent, the general public in the United States will be much more comfortable with the idea of switching to an electric vehicle.
Recognizing this, people don’t have to think about locating a charging station when they decide to hit the road and get out of town. Range anxiety remains one of the primary concerns amongst those considering an EV.
Final Thoughts
Here are some factors which might work in the favor of companies that are engaged in the innovation and development of sustainable transportation for the future.
- QuantamScape’s Solid-State Batteries, for example, are a game-changer because they have a higher energy storage capacity and charge at a significantly faster rate than todays’ EV’s
- Such tech will eventually translate to Electric vehicles becoming more affordable.
- Increased Range for EV’s
- Government regulations that are more strict in terms of emissions
Remember that in less than 20 years, the number of gas stations has fallen from over 168,000 to about 115,000. Meanwhile, the number of EV charging stations is increasing by the thousands every year.
The Biden Administration’s commitment to tackling climate change in part by improvements in energy usage and policies that promote alternative fuel vehicles will likely benefit the company.
Originally published at https://evtransform.com on March 9, 2021.
