Top 5 Ways to Trade the Electric Vehicle Charging Boom

July 28, 2022 -

With millions of electric vehicles set to hit the roads, we’ll need plenty of charging stations. To make that happen, President Biden set a goal of creating a network of 500,000 public charging stations, which should be in place by 2030. As noted by The White House, “The Biden-Harris Administration is highlighting how President Biden’s leadership on electric vehicles is catalyzing more than $700 million in investments from the private sector that will increase our domestic capacity to manufacture more than 250,000 new electric vehicle (EV) chargers each year, add at least 2,000 good-paying jobs, and make EV charging more affordable, accessible, and equitable. The historic private investments will follow the $7.5 billion from President Biden’s Bipartisan Infrastructure Law to build a national network of EV chargers, enabling convenient and uniform charging at home, work, and across the country.” That could be substantial news for companies, such as Datametrex AI Limited (TSXV: DM) (OTCQB: DTMXF), Tesla Inc. (NASDAQ: TSLA), General Motors Co. (NYSE: GM), Blink Charging Co. (NASDAQ: BLNK), and ChargePoint Holdings Inc. (NASDAQ: CHPT).

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

Datametrex AI Limited announced that its wholly-owned subsidiary, Datametrex Electric Vehicle Solutions, is expediting the launch of its mobile chargers based on its high demand. Eight (8) Van Mounted Mobile Chargers (VMC) charging units will be deployed by September 2022 in B.C and will be available for consumers to use on their Electric Vehicles for 24/7 on-demand and roadside assistance services. Twenty (20) VMC charging units are set to be deployed by the first half of 2023.

DM EVS’ VMC charger is the ultimate solution to solve range anxiety. It is a fast-charging solution with a rapid charging speed of over 25kw with emergency charging and 24/7 on-demand services. Our roadside assistance app provides real-time location tracking and user insights to help optimize the best route and charging stations.

View the video link on how on-demand EV charging services work:

“DM EVS is rapidly gaining traction. We are thrilled with the accelerated deployment of these products, introducing EV charging solutions to B.C drivers sooner than expected. We anticipate making great changes in the EV space with more accessible, on-demand charging solutions for all EV drivers”, 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.”

General Motors Co. just announced, “To accelerate the widespread adoption of EVs, increase access to charging and help enable long-distance electric travel of people and vehicles across the U.S., GM and Pilot Company (Pilot and Flying J) are collaborating on a national DC fast charging network that will be installed, operated and maintained by EVgo through its eXtend offering. This project demonstrates how public and private entities can come together to build out the nation's charging infrastructure, particularly along American highways, connecting urban and rural communities, the East and West Coasts and different metropolitan areas. This network of 2,000 charging stalls, co-branded "Pilot Flying J" and "Ultium Charge 360", will be powered by EVgo eXtend and open to all EV brands at up to 500 Pilot and Flying J travel centers. GM customers will receive special benefits like exclusive reservations, discounts on charging, a streamlined charging process through Plug and Charge and integration into GM's vehicle brand apps providing real-time charger availability and help with route planning. This collaboration is expected to enhance America's EV driving experience.”

Blink Charging Co., an operator, and provider of electric vehicle charging equipment and services, announced the continued deployment of Blink EV chargers for electric school bus fleets. Blink has already sold or deployed nearly 400 Level 2 chargers in 14 states at educational facilities. With the recent passage of the Infrastructure Investment and Jobs Act (IIJA), the Biden administration committed $5 billion to the production of environmentally cleaner school buses. Half of these funds have been earmarked specifically for electric school buses.

ChargePoint Holdings Inc. a leading electric vehicle (EV) charging network, announced a partnership with Charge Across Town and the State of California to deploy hundreds of EV chargers at multifamily properties like apartment buildings and condo complexes across the state. Providing EV charging infrastructure at multifamily buildings will make it easier and cheaper for Californians living in apartments and condos to charge at home, helping them make the transition to electric mobility. “As a company that was founded in California and is headquartered here, we’re honored to work with the California Energy Commission and Charge Across Town to build reliable, equitable, and accessible EV charging infrastructure for Californians,” said John Schott, Director, Public Private Partnerships, at ChargePoint. “Driving electric should be possible for everyone, and this partnership recognizes that charging should be accessible where drivers live, work and play. We’re proud of our strong track record of providing charging solutions that multifamily property owners and drivers rely on every day and look forward to continuing this important work.”

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