
Access to Ultrafast Car Charging Remains Limited in the United States
The US market for electric car charger points has been growing rapidly in recent years, with an increasing number of electric cars on the road and greater demand for convenient charging infrastructure. The market can be segmented by power rating, with three main categories: Level 1, Level 2, and DC fast charging.
Level 1 charging typically operates at 120 volts and can take up to 20 hours to fully charge an electric vehicle, making it most suitable for overnight charging at home or in the workplace. In 2022, there were an estimated 2.5 million Level 1 charging points installed in the US.
Level 2 charging operates at 240 volts and can take between 4 and 8 hours to fully charge an electric vehicle. This type of charger is commonly found in public spaces, such as parking lots, and is ideal for drivers who need to top up their car during the day. In 2022, there were an estimated 1.5 million Level 2 charging points installed in the US.
DC fast charging operates at a higher voltage and can charge an electric vehicle up to 80% in as little as 20-30 minutes. This type of charger is ideal for drivers on longer journeys who need to quickly charge their vehicle to continue their trip. In 2022, there were an estimated 60,000 DC fast charging points installed in the US.
Overall, the US market for electric car charger points is expected to continue its rapid growth in the coming years as more electric vehicles hit the road and consumers demand greater access to convenient and efficient charging infrastructure.