ChargePoint, an EV charging network, announced a global commitment of 2.5 million EV charging spots by 2025, laying the groundwork for a future fueling network that will support the significant global increase in electrified mobility in the years to come.
ChargePoint’s commitment will allow drivers to avoid nearly two million tons of greenhouse gas emissions in line with the Summit’s mission to inspire climate action.
“Our commitment to deploy 2.5 million charging spots by 2025 comes as the company embarks on the most significant period of growth in our history and in the midst of a revolution in transportation,” said Pasquale Romano, president and CEO, ChargePoint. “The time for transformative change is now, and broadly distributed, substantial and immediate investments in charging infrastructure are necessary to usher in the future of e-mobility. One hundred percent of what we do is focused on developing technology that enables cleaner transportation, and ChargePoint is proud to play a critical role in facilitating the transition to electric mobility, and supporting the Summit’s mission to reduce greenhouse gas emissions worldwide.”
EVs and charging infrastructure are critical to efforts to fight global climate change, grow the clean energy economy, and bring innovative technology solutions to market that accelerate the adoption of zero emission vehicles worldwide.
“The Climate Group is delighted that ChargePoint has chosen to announce their significant commitment as part of the #ZEVchallenge at The Global Climate Action Summit. Charging infrastructure is a key part of the zero carbon vehicle eco-system and the number of chargers committed by ChargePoint will really go along way to support the continued growth of ZEVs,” said Helen Clarkson, CEO, The Climate Group.
By 2040, it is anticipated that EVs will account for more than half of new vehicles sold around the world. ChargePoint’s 2.5 million charging spots will support the forecasted 20 million EVs that will be on the road in North America and Europe by 2025, driving a combined 384 billion electric miles per year. Of the 2.5 million charging spots on ChargePoint’s network by 2025, the majority will be evenly split between Europe and North America, with smaller percentages in Oceania (Australia and New Zealand).
The growth of the ChargePoint network to more than 53,000 globally, helping drivers avoid more than 42 million gallons of gas and 134 million kilograms of greenhouse gas emissions. ChargePoint will expand into Europe in 2017. A total of nearly $300 million ChargePoint has raised to support the expansion of networked EV charging globally. Within the next five years, it is estimated that no fewer than 40 new EV models will hit the road.