Energy Transition

EV corridors | Are we there yet?

byPrashant Kumar

The Biden administration’s ambitious plan to supercharge EV and alternative fuel corridors with the installation of 500,000 electric chargers has already revved up the expansion of direct current fast chargers (DCFC) to address range anxiety among EV owners. Since the introduction of the EV infrastructure plan in April 2021, more than 16,000 public DCFCs have been installed, contributing to the current total of over 37,000 available across 10,700 charging stations. California, Florida and Texas claim the top spots in terms of fast charger count, representing about 22%, 24% and 26% in each respective state.

Several prominent players have emerged as leaders in the fast-charging network space, including Tesla, Volkswagen (Electrify America) and EVGO. Tesla boasts 2.5 times more fast chargers in its network than Volkswagen and EVGO combined. The overall charger count in the U.S. has surged by an astonishing 38% in just 27 months, with 25% of this growth attributed to the installation of fast chargers. Tesla has spearheaded this expansion, installing around 9,500 new fast chargers, and is now opening its network to non-Tesla vehicles. Consequently, the growth in total DCFCs since the announcement of EV corridors amounts to an impressive 45%.

To meet the charging corridor requirements a station must have at least four 150 kW chargers with CCS connectors and sit within a mile of a designated corridor. According to Enverus Intelligence Research’s EV Infrastructure database, the U.S. has connected almost 108,000 chargers and 45,000 stations located within one mile of both ready and pending EV corridors. Of this total, 8,073 stations offer DCFC capabilities, 571 have at least four 150 kW CCS chargers and 7,502 existing DCFC stations could be retrofitted with additional chargers to meet these requirements.

The significant increase in DCFCs has been instrumental in paving the way for widespread EV adoption. The country is on its way to realizing a comprehensive and accessible charging network, though it has a long way to go before it reaches 500,000 fast chargers. These developments bode well for the future of electric mobility in the U.S., encouraging further EV adoption and investment in the EV sector.

Highlights from Energy Transition Research

  • Blackstone makes more splashes in renewables pond – Energy Transition Pulse is published every two weeks by Enverus and covers the renewable energy sector, including projects, the deal market, finance and new technologies.
  • Renewables Performance Drivers – Design Choices That Matter – This report analyzes the impact of wind and solar project design decisions made by developers and quantifies the choices that result in the strongest asset performance.
  • CCUS Basin Breakdowns – Limited Potential in Appalachia – This report examines the potential for CO2 storage in the Oriskany sandstone in Appalachia and assesses source-to-sink project economics given the current 45Q incentive structure.

Energy is changing. Connect weekly with the ideas that are leading the way.

About Enverus Intelligence®| Research
Enverus Intelligence Research, Inc. is a subsidiary of Enverus and publishes energy-sector research that focuses on the oil and natural gas industries and broader energy topics including publicly traded and privately held oil, gas, midstream and other energy industry companies, basin studies (including characteristics, activity, infrastructure, etc.), commodity pricing forecasts, global macroeconomics and geopolitical matters. Enverus Intelligence Research, Inc. is registered with the U.S. Securities and Exchange Commission as a foreign investment adviser. Click here to learn more.

Prashant Kumar

Prashant Kumar

Prashant joined Enverus in May 2018 on the Intelligence Team. Since then, he's also worked in product development and research on new energy trends and the energy transition. He earned a degree in Applied Petroleum Engineering from UPES University in India.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Enverus Blog - Analyst takes: 6 January energy trends you need to know
Intelligence
ByErin Faulkner

Over the last few quarters, executives at U.S. upstream operators have grown accustomed to analysts asking about cost inflation. It’s an inevitable part of every conference call. During the late July to mid-August earnings season for Q2, the question shifted...

Enverus Blog - Energy Transition Today: EPA jumpstarts EV uptake
Energy Transition
ByKevin Kang

Behind the meter (BTM) solar is a key factor in decreasing load in CAISO, especially in California where it has the most impact on annual demand. The state’s potential for nearly 195 GW of rooftop solar capacity exists, although its...

Enverus Blog - 3 price management capabilities to offset cost inflation
Energy Transition
ByKiana Cruz

Seismic surveys are a vital tool in the oil and gas industry. Effective use of seismic surveys allows industry professionals to identify prospects, assess potential resources, reduce risk and even quantify reserves – in short, to make well-informed decisions that...

energy-transition-group-of-professionals-meeting
Energy Transition
ByAlex Nevokshonoff

While we are still waiting for guidelines from the IRS regarding hydrogen incentives released with the Inflation Reduction Act (IRA) last year, it is clear that supportive policy must be in place for green hydrogen to compete in existing hydrogen...

Enverus Press Release - Breaking down the CCUS basins
Energy Analytics Energy Transition
ByEnverus

Panel discussion with CCUS experts from Enverus EVOLVE Conference Introduction CCUS offers a promising solution to curb greenhouse gas emissions by capturing CO2 from industrial sources and power plants and storing it underground. CCUS has gained significant attention in recent...

young-businessman-businesswoman-using-a-digital-tablet-in-a-modern-office
Analyst Takes
ByChris Griggs

As we usher in the month of August, it’s an ideal moment for retrospection on the past month’s shifts and trends in the energy sector. Our proficient Enverus Intelligence® | Research (EIR) team has delved into critical trends and innovations,...

peer-stories
Energy Transition
ByCarson Kearl

The Vogtle Unit 3 nuclear reactor began its commercial operations at the end of July. Based in Georgia, the facility will provide clean electricity to the southeast U.S. for likely longer than the next half-century. This marks the first U.S....

Enverus News Release - Energy impacts of Gulf of Mexico hurricanes quantified
Trading and Risk
ByEnverus

Navigating dynamic commodity markets and managing large volumes of data is no small task. That’s why we’ve built a powerful CTRM solution to help aggregate and leverage more than 500 data sources alongside your own proprietary data, providing an unsurpassed...

energy-transition
Energy Transition
ByScott Wilmot

Historical factors and trends are becoming less descriptive of future power demand. The growing pace of electrification and electric vehicle (EV) adoption are changing the power demand dynamics. At the same time, more customers are installing behind-the-meter (BTM) generation to...

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Get Energy Transition Research updates straight to your inbox by filling out the form below.

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert