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ChargePoint has announced a new partnership with InstaVolt to install more than 200 ChargePoint rapid charging systems. This represents the first major milestone in its European expansion.

Cars

ChargePoint Kicks European Expansion Into High Gear With InstaVolt Partnership

ChargePoint has announced a new partnership with InstaVolt to install more than 200 ChargePoint rapid charging systems. This represents the first major milestone in its European expansion.

ChargePoint has announced a new partnership with InstaVolt to install more than 200 ChargePoint rapid charging systems. This represents the first major milestone in its European expansion.

UK electric vehicle charging network InstaVolt has signed a contract to purchase more than 200 of ChargePoint Express Plus systems. These systems will be installed by InstaVolt along popular routes in the UK with an aim to enable drivers to quickly recharge their EVs on longer road trips.

As we shared back in January, the ChargePoint Express Plus charging system is a modular solution that allows operators to install the charging station and then increase the charging speed of the systems as more vehicles capable of fast charging enter the market. This is critical because it gives operators confidence that the initial investment will not be lost as technologies change over time, but instead allows them to change with the times and increase charging speeds up to 400 kW … which is 3 times faster than any vehicle on the market today.

Tim Payne, CEO at InstaVolt, said of the partnership:

“We are delighted to partner with ChargePoint to deliver a best in class EV charging infrastructure. We own, install and maintain rapid electric vehicle charging units all over the country, giving landowners the opportunity to earn a rental income by housing them, and giving EV drivers access to the fastest charging available.

“ChargePoint will fulfill two important criteria for us: the charging units are future-proofed so the units can be configured to meet the precise requirements of any site and can be scaled incrementally as demand for higher rate charging increases. This is particularly important as EV manufacturers begin to bring out new models with increased battery capacity. We are also committed to making sure the units are working 24/7 and so the reliability of the ChargePoint solution is one of the cornerstones of our offer.”

The move into the European market for ChargePoint and this new partnership with InstaVolt represent major milestones in the rollout of the fast charging network of the future. To date, the fastest non-Tesla charging stations available top out at 50 kW, whereas these new ChargePoint units allow for dramatic expansion in the future.

This turns the notion of installing 6.6 kW chargers that will be out of date in a few years on its head. For the first time, it gives the public the confidence they need to buy an EV with the knowledge that public chargers exist that can support them over the life of the vehicle. Whether consumers will need to own vehicles in 10 years is another story altogether. …

EV Drivers Want (or Require) Superfast Charging

Worth highlighting here is that many of today’s EV drivers demand or at least greatly desire superfast charging in their next EVs. Depending on the type of electric vehicle they drive today (a non-Tesla fully electric car, a Tesla, or a plug-in hybrid) and where they live (Europe or North America), 32–92% of the respondents we surveyed said they required superfast charging in their next EV.

Survey results from our new EV report. Responses came from over 2,000 EV drivers across 26 European countries, 49 of 50 US states, and 9 Canadian provinces. Responses were segmented according to region — North America vs Europe — and type of electric car — plug-in hybrid vs Tesla vs non-Tesla fully electric car.

Looking at desires instead of requirements, the figures ranged from 45% (European non-Tesla fully electric car drivers) to 86% (North American Tesla drivers).

Survey results from our new EV report. Responses came from over 2,000 EV drivers across 26 European countries, 49 of 50 US states, and 9 Canadian provinces. Responses were segmented according to region — North America vs Europe — and type of electric car — plug-in hybrid vs Tesla vs non-Tesla fully electric car.

 
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Written By

I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. As an activist investor, Kyle owns long term holdings in BYD, SolarEdge, and Tesla.

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