ChargePoint Makes Landmark Commitment to the Future of Mobility with Pledge of 2.5 Million Places to Charge by 2025
The world’s leading electric vehicle charging network vows to grow global network nearly fifty-fold in the next seven years, supporting efforts to combat climate change
Campbell, Calif. – September 14, 2018 – Today, at the Global Climate Action Summit, ChargePoint, the world’s leading electric vehicle (EV) charging network, announced a global commitment of 2.5 million EV charging spots by 2025, laying the groundwork for a future fueling network that will support the significant global increase in electrified mobility in the years to come. ChargePoint’s commitment will allow drivers to avoid nearly two million tons of greenhouse gas emissions in line with the Summit’s mission to inspire climate action.
“Our commitment to deploy 2.5 million charging spots by 2025 comes as the company embarks on the most significant period of growth in our history and in the midst of a revolution in transportation,” said Pasquale Romano, president and CEO, ChargePoint. “The time for transformative change is now, and broadly distributed, substantial and immediate investments in charging infrastructure are necessary to usher in the future of e-mobility. One hundred percent of what we do is focused on developing technology that enables cleaner transportation, and ChargePoint is proud to play a critical role in facilitating the transition to electric mobility, and supporting the Summit’s mission to reduce greenhouse gas emissions worldwide.”
EVs and charging infrastructure are critical to efforts to fight global climate change, grow the clean energy economy, and bring innovative technology solutions to market that accelerate the adoption of zero emission vehicles worldwide.
ChargePoint’s commitment underscores the company’s mission to enable an electric mobility future, which will include passenger cars, buses, trucks, fleets, and beyond. The transition to e-mobility on a global scale will result in an immense reduction in harmful greenhouse gas emissions that are crippling communities and threatening the health of millions around the world.
“The Climate Group is delighted that ChargePoint has chosen to announce their significant commitment as part of the #ZEVchallenge at The Global Climate Action Summit. Charging infrastructure is a key part of the zero carbon vehicle eco-system and the number of chargers committed by ChargePoint will really go along way to support the continued growth of ZEVs,” said Helen Clarkson, CEO, The Climate Group.
By 2040, it is anticipated that EVs will account for more than half of new vehicles sold around the world. ChargePoint’s 2.5 million charging spots will support the forecasted 20 million EVs that will be on the road in North America and Europe by 2025, driving a combined 384 billion electric miles per year. Of the 2.5 million charging spots on ChargePoint’s network by 2025, the majority will be evenly split between Europe and North America, with smaller percentages in Oceania (Australia and New Zealand).
This commitment comes on the heels of years of progress tackling climate change and supporting the growing adoption of EVs globally, including:
ChargePoint’s recognition by the United Nations as a “Momentum for Change” award winner at the Conference of the Parties (COP) 21 in 2015
The growth of the ChargePoint network to more than 53,000 globally, helping drivers avoid more than 42 million gallons of gas and 134 million kilograms of greenhouse gas emissions
ChargePoint’s expansion into Europe in 2017
A total of nearly $300 million ChargePoint has raised to support the expansion of networked EV charging globally
Within the next five years, it is estimated that no fewer than 40 new EV models will hit the road. With a global investment in R&D, award-winning solutions, sales, marketing and policy, ChargePoint is committed to enabling the future of mobility, and creating solutions that will support the substantial increase in EVs, and ultimately, the mass adoption of electrified mobility, creating a cleaner, more sustainable future.
To learn more about ChargePoint’s sustainability efforts or it’s participation at the Global Climate Action Summit, please visit https://www.chargepoint.com/about/sustainability/.