Five Top Electric Vehicle Charging Stocks to Consider Now

With electric vehicle sales only accelerating, there’s growing demand for EV charging stations. So much so, the charging market could be worth $111.9 billion over the next six years from $17.59 billion in 2021. Helping, according to Fortune Business Insights, “Governments worldwide are contributing towards setting up the charging stations. For instance, the Chinese government has approved the development of fast-charging stations by the national policies. Similarly, in the United States, the government is offering all its support and funds to develop EV charging stations.” All could be substantial news for companies, such as Datametrex AI Limited (TSXV: DM) (OTCQB: DTMXF), Tesla Inc. (NASDAQ: TSLA), EVgo Inc. (NASDAQ: EVGO), Blink Charging Co. (NASDAQ: BLNK), and Wallbox NV (NYSE: WBX).

In addition, the Biden Administration just announced that its committed to build a national network of 500,000 EV charging stations by 2030. “The U.S. Departments of Transportation and Energy today announced all 50 states, the District of Columbia and Puerto Rico have submitted EV infrastructure deployment plans as required under the National Electric Vehicle Infrastructure (NEVI) Formula Program established and funded by President Biden’s Bipartisan Infrastructure Law,” as noted by the U.S. Department of Transportation Federal Highway Administration.

Look at Datametrex AI Limited (TSXV: DM) (OTCQB: DTMXF), For Example

Datametrex AI Limited announced that further to the news release on July 21, 2022, its wholly-owned subsidiary, Datametrex Electric Vehicle Solutions, is introducing the Mobile Charging Cart to commercial plazas and shopping malls in Vancouver.

The Mobile Charging Cart technology provides a way to expand EV charging services without the need for complex charger installations. The infrastructure allows for an easy to move, mobile and fast-charging solution that can be installed anywhere EV charging is needed, without taking up large spaces in underground parking lots like the traditional EV charging station. The Mobile Charging Cart is a convenient solution for when spaces don’t allow much room for charging facilities or when it’s impossible to build in a large-capacity electric extension, such as in an older building.

The Mobile Charging Cart is wireless and stores electricity in the battery, allowing the device to freely move to various locations, creating more mobility and accessibility for all EV’s and provides a solution to charging in restrictive areas.

Mobile Charging Cart Features:

- Easy to control with incorporated muscular strength enhancement technology, which allows anyone to use the Mobile EV cart with ease. This is beneficial for the elderly and weak as the device doesn’t need much force to operate.

- Ultrasound technology and LiDAR sensors detect obstacles surrounding the device, providing safety for users.

- Unlike a fixed charger, the Mobile EV Cart can be moved anywhere.

- The Mobile Charging Cart can be installed in smaller spaces whereas traditional, and more bulky EV stations don’t fit, allowing more accessibility for EV charging.

Click the link below to understand how the Mobile Charging Cart works: (Mobile Charging Cart - YouTube)

“We are excited to launch our Mobile Charging Cart to all EV drivers in B.C. Smaller underground parking lots don’t have EV services due to limited space. With mobile charging, EV users can get charging anywhere, even in restricted spaces. The Company is thrilled that we can expand DM EVS to commercial plazas and shopping centers to help create a solution to prevent range anxiety and provide a fast, efficient, and accessible charge”, said Marshall Gunter, CEO of the Company.

Other related developments from around the markets include:

Tesla Inc. just reported, “In the second quarter, we produced over 258,000 vehicles and delivered over 254,000 vehicles, despite ongoing supply chain challenges and factory shutdowns beyond our control. June 2022 was the highest vehicle production month in Tesla’s history. Tesla will post its financial results for the second quarter of 2022 after market close on Wednesday, July 20, 2022. At that time, Tesla will issue a brief advisory containing a link to the Q2 2022 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.”

EVgo Inc., announced the first major EVgo eXtend project. The EVgo eXtend project will deploy 2,000 charging stalls at Pilot and Flying J locations across the country in collaboration with General Motors (GM) and Pilot Company. EVgo will install, operate, and maintain the network of 350 kW charging stalls for Pilot Company and GM at up to 500 Pilot and Flying J travel centers across more than 40 states. “EVgo, GM and Pilot Company share a commitment to building an electric charging network that increases access and helps accelerate the shift to electrification for all. The eXtend offering leverages our technological expertise and experience deploying and operating chargers for customers across the country, including critical corridors for road trips,” said Cathy Zoi, CEO at EVgo. “This particular EVgo eXtend rollout demonstrates the versatile pathways we offer collaborators to achieve their electrification goals and expand charging options for EVgo drivers.”

Blink Charging Co. announced financial results for the second quarter and six months ended June 30, 2022. “Our second quarter results are indicative of the fundamental strengths of our business due to organic growth as well as growth from acquisitions,” stated Michael D. Farkas, Chairman and Chief Executive Officer of Blink Charging. “We provide unparalleled flexibility and support to our site hosts through a variety of business models and advanced hardware solutions. We have launched several new products throughout the first six months of 2022 that address charging demands across the entire EV ecosystem including home, fleet, multifamily and retail locations, which will be excellent additions to our portfolio of available products. In essence, whether we own and operate or sell hardware, Blink strives to deliver best-in-class products and services.”

Wallbox NV, a leading provider of charging and energy management solutions for electric vehicles worldwide, and Svea Solar, one of Europe' s fastest growing cleantech companies and Sweden's largest solar energy company, announce a new partnership. Wallbox will be the main EV-charging solution for Svea Solar’s consumer offer in Sweden, the Netherlands, Belgium, Germany, and Spain. Svea Solar is a partner to IKEA in four European markets, offering solar systems to residential customers. As a result of the new partnership, Wallbox products will be sold alongside Svea Solar’s solar offering to complement users' home energy ecosystem and empower more people to switch to electric vehicles more easily. Wallbox’s AC chargers all come standard with Eco–Smart, the company’s energy management software which allows users who have a PV-installation in their home to charge their EV with self-produced sustainable energy. Through the Wallbox app users can choose to charge their EV with 100% green energy from their home PV installation, or blend excess solar with grid power.

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