With several territories around the world set on replacing fossil fuel cars on their roads with electric vehicles (“EVs”) over the next few decades, we’re going to see a lot more public electric vehicle charging stations. EVs are powered by rechargeable lithium-ion battery packs, and unlike conventional vehicles that can be fully fueled in just a couple of minutes, recharging an electric vehicle to 100% can take quite a while, depending on the type of charger used. Of the nearly 50,000 public chargers that make up America’s charging infrastructure, only 5,000 are Level 1 fast chargers that can charge an EV to 80% in less than an hour.
Tesla Inc. (NASDAQ: TSLA) currently runs the largest network of fast chargers in the world, consisting of more than 25,000 superchargers in several countries. If you’re driving a Tesla, all you have to do is pull up to a station and plug your car in using the connector at a Supercharge post, which is capable of adding up to 200 miles of range in only 15 minutes. Although the Tesla CEO has said that the EV maker will open its network up to non-Tesla electric vehicles in the near future, only Tesla…
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