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Why It Matters

EV chargers are the new gas stations.

According to the International Energy Agency (p. 138), there are now 11 million electric vehicles (EVs) and electric vans on the road. And this number is rapidly rising as EVs become cheaper, better and cooler. 

But just as ubiquitous stations enabled and spread of internal combustion vehicles, EV charging infrastructure needs to be everywhere for EVs to become the dominant transportation method. Most EVs today are charged at home or at work; publicly accessible charging needs to be rolled out to encourage households without access to private chargers to opt for EVs.

We need EV charger makers to step it up.

Today, the ratio of chargers to EVs is far lower than it needs to be to support a full-fledged EV transition. The United States is near the bottom of the ranking among developed countries at 0.06 chargers per EV. To get to an all-electric transport sector in line with achieving net-zero emissions by 2050, the IEA projects (p. 138) that we need 200 million units of public EV chargers worldwide by 2050. That's up from 1.3 million in 2020.

Here are the EV companies that are leading the way.

Thankfully, companies and governments around the world are implementing policies and incentive programs to expand EV infrastructure networks. Some of the leading companies traded on US stock markets are included in the Climate Index. We choose companies that derive more revenue from manufacturing EV charging infrastructure than they do from fossil fuel-dependent products and services. We also exclude penny stocks whose share prices were less than $0.50 in our last update.

If you are a Carbon Collective member, you own all of these companies through the Climate Index.

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