US. need to significantly increase the number of EV chargers in the country by 2025 to keep pace with the growing electric vehicle market.
S&P Global Mobility data projects that by 2025 the number of electric vehicles will reach 7.8 million in 2025 and 28.3 million by the end of this decade. Currently there are 1.9 million electric vehicles in the US which only accounts for 0.1 percent of vehicles on the road.
Although most drivers charge their electric vehicles at home, with the growing population of electric vehicles, the demand for general charging will also be great.
S&P Global Mobility estimates America will need 1.2 million Level 2 chargers by 2025 and 109,000 Level 3 chargers.
Currently in the United States there are approximately 126,500 Level 2 charging stations and 20,431 Level 3 today, plus 16,822 Tesla Superchargers and destination chargers
Using projections at the end of the decade, analysts say we need to have 2.13 million Level 2 chargers, and 172,000 Level 3 chargers by 2030.
The Level 2 charger is the mid-speed charger you’re used to seeing in retail outlets and takes about five hours to charge the EV, Meanwhile, Level 3 chargers charge faster with a very fast 20-minute charge time.
The US government has set aside $5 billion over five years to help fund charging infrastructure and Mercedes recently announced it will launch a global network of charging stations with a $1 billion investment.