Transition From ‘Fossil Fuels to Electric Drive’ to 'Span' Decades: ChargePoint
Electric vehicle adoption in North America and Europe “conservatively” jumped more than 70% year over year in calendar 2021, sending revenue at EV charging network ChargePoint soaring 65% in its fiscal 2022 ended Jan. 31, said CEO Pasquale Romano on…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
a Wednesday earnings call. Revenue of $242 million “could have been higher if it weren't for supply chain constraints,” he said. The company is approaching 300,000 “roaming ports” accessible to drivers using their ChargePoint accounts, in addition to the 174,000 ports “that are directly on our network,” he said. He cautioned “the transition from fossil fuels to electric drive will span multiple decades.” The infrastructure investment in the Jobs Act is “a tremendous opportunity for up to $7.5 billion to accelerate the buildout of charging along highways and in our communities,” with that "stimulus" starting to be felt in calendar 2023, he said.