ChargePoint Makes Landmark Commitment to the Future of Mobility with Pledge of 2.5 Million Places to Charge by 2025
CAMPBELL, Calif.--(BUSINESS WIRE)--Sep 14, 2018--Today, at the Global Climate Action Summit, ChargePoint, the world’s leading electric vehicle (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.
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ChargePoint Makes Landmark Commitment to the Future of Mobility with Pledge of 2.5 Million Places to Charge by 2025 (Graphic: Business Wire)
“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.
ChargePoint’s commitment underscores the company’s mission to enable an electric mobility future, which will include passenger cars, buses, trucks, fleets, and beyond. The transition to e-mobility on a global scale will result in an immense reduction in harmful greenhouse gas emissions that are crippling communities and threatening the health of millions around the world.
“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 a long 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. 1 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. 2 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).
This commitment comes on the heels of years of progress tackling climate change and supporting the growing adoption of EVs globally, including:ChargePoint’s recognition by the United Nations as a “Momentum for Change” award winner at the Conference of the Parties (COP) 21 in 2015 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’s expansion 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. With a global investment in R&D, award-winning solutions, sales, marketing and policy, ChargePoint is committed to enabling the future of mobility, and creating solutions that will support the substantial increase in EVs, and ultimately, the mass adoption of electrified mobility, creating a cleaner, more sustainable future.
To learn more about ChargePoint’s sustainability efforts or its participation at the Global Climate Action Summit, please visit https://www.chargepoint.com/about/sustainability/.
ChargePoint is the leading electric vehicle (EV) charging network in the world, with charging solutions in every category EV drivers charge, at home, work, around town and on the road. With more than 54,000 independently owned public and semi-public charging spots and thousands of customers (businesses, cities, agencies and service providers), ChargePoint is the only charging technology company on the market that designs, develops and manufactures hardware and software solutions across every use case. Leading EV hardware makers and other partners rely on the ChargePoint network to make charging station details available in mobile apps, online and in navigation systems for popular EVs. ChargePoint drivers have completed more than 43 million charging sessions, saving upwards of 44 million gallons of gasoline and driving more than a billion gas-free miles on dispensed energy. For more information, visit www.chargepoint.com or contact the Global Press Office at firstname.lastname@example.org or European Press Office at email@example.com.
1 “ Electric Vehicle Outlook 2018 ” (Bloomberg New Energy Finance, 2017) 2“EV Infrastructure Report October 2017” (Morgan Stanley Research Foundation)
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PUB: 09/14/2018 01:01 AM/DISC: 09/14/2018 01:01 AM