US EV Sector Winner in Charger System Expansion
Analysis finds Tesla would be both winner and loser.
Analysis predicts that a bigger charing network will speed EV adoption in the U.S.
IMAGE: dcbel
A Reuters analysis found that the U.S. electric-vehicle sector will be one of the winners of a federal push for a national EV charging network.
The Biden administration recently set standards to distribute $7.5 billion toward building out the network to meet its goal of half a million chargers by 2030.
As part of the effort, Tesla agreed to open much of its own expanded charging network to non-Tesla drivers.
A bigger network will speed EV adoption here, Reuters predicted. “Range anxiety,” or worry about inadequate charging infrastructure, has been a major factor in keeping many potential EV buyers from transitioning from gas-powered models.
Reuters says greater adoption should translate to more sales for carmakers, most of which have gone full-bore toward an EV future, targeting full EV lineups by 2035 at the outside. The Biden administration has a goal that half of U.S. new-vehicle sales be zero-emission models by 2030.
Reuters said that Tesla, the EV market leader, will be both a winner and a loser in an expanded charging network, a winner because its network could become the “universal filling station of the EV era,” according to analysts, a loser because opening what is the biggest U.S. collection of high-speed chargers to rivals’ models could compromise its advantage.
Originally posted on Auto Dealer Today
More Showroom
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
European EV Market Hits Record
Seven out of the top 10 electric vehicles sold so far in 2026 in Europe are by European brands, and automakers are seeing the power train fill up their order books.
Read More →
Used EVs Outpace New
While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.
Read More →
New Vehicles Down for Most Brands
Healthy May sales cut into inventory as automakers kept a tight reign on supply, though some brands ended the month with excess units on the ground.
Read More →
Auto Prices Ride May Moderation
Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
Read More →
Mitsubishi Sets Growth Strategy, Structural Transformation
The Japanese automaker aims to 'strengthen products and technologies that embody its brand identity,' focus on its strongest markets and expand value-chain businesses 'that leverage its unique strengths.'
Read More →
Affordable, Safe Cars for Teen Drivers
Families looking to balance affordability and safety in vehicles for their teen drivers can look to the updated list of recommended vehicles by IIHS and Consumer Reports.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
Holman Opens Porsche Dealership in Miami
The North Miami store features the brand’s signature Destination Porsche design concept, combining contemporary architecture and technology to create what the auto group calls an ultra-luxury experience.
Read More →