$1 billion deal signed to deploy 4,000 EV chargers


Electric vehicle charging networks operator ChargePoint has partnered with NATSO to create a National Highway Charging Collaborative.

The collaborative will leverage $1 billion in capital to deploy up to 4,000 EV chargers at travel plaza and fuel stops by 2030.

The corridor will link all 50 states and the District of Columbia to increase driver access to EV chargers, accelerate the adoption of EVs, enable long-distance electric travel and provide vital access to EV services in rural communities.

The organisations will identify public and private funding sources that may be available to support the expansion of EV charging at strategically determined locations, including Volkswagen Settlement Appendix D Funds and other dedicated resources available to NATSO members.

Pasquale Romano, the CEO of ChargePoint, said: “We are embarking on a major shift in transportation, with electrification poised to fundamentally transform mobility. Collaborations like this are vital for the rapid expansion of charging around the country and will ensure that the United States remains at the forefront of the EV revolution.”

“NATSO for the last 20 years has successfully advocated for incentives to enable our members to profitably incorporate renewable fuels into their fuel supply. We look forward to building on these successes so that the travel center industry can continue to play a leading role in bringing alternative fuels to its customers. Our collaboration with ChargePoint will undoubtedly help us do that,” said NATSO president and CEO Lisa Mullings.

“Range anxiety continues to rank as one of the biggest concerns among consumers who are considering purchasing an electric vehicle. NATSO has been working with the Federal Highway Administration since 2016 to expand the use of alternative fuels and infrastructure under its Alternative Fuels Corridor Programme. The MOU announced today will help to establish public-private partnerships at off-highway fuel retailers across the nation, which will help to mitigate range anxiety and expand the Interstate network of charging facilities under the current programme.”

By 2040, some analysts expect that 40% of new vehicle sales will be electric with at least 100 new EV models expected to hit American roadways within the next five years.