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.

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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.

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