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The number of EV chargers is surging even as demand for cars softens
['Daily Report Staff']
Baton Rouge Business Report
America’s EV charging network is expanding just as the market for electric cars faces turbulence, The Wall Street Journal writes.
After a two-year construction spree, the number of fast-charging ports—capable of powering a car in under an hour—has surged 80% to more than 60,000, with thousands more coming online this year.
Federal infrastructure funding and nearly $10 billion in private investment have accelerated the build-out, making “charging deserts” less common.
Reliability remains a sticking point, with only about 71% of charging attempts succeeding on the first try, though that’s improving as companies replace older equipment.
Analysts say the charging industry is maturing just as the EV sector enters a period of uncertainty—raising questions about whether infrastructure growth can keep pace with demand.