US Electric Vehicle Charging Companies Join Forces to Expand Operations
The electric vehicle (EV) charging industry in the United States is experiencing a significant surge, despite a perceived decline in overall vehicle sales. This growth is driven by various factors, including increased EV market share, private-sector expansion, and strategic efforts to alleviate charging challenges.
Rising EV Market Penetration
In 2022, electric vehicle sales in the US increased as a percentage of total vehicles sold, reaching 5.8%. This growth contributes to the overall expansion of the EV fleet, creating sustained demand for more charging infrastructure.
Record Growth in DC Fast Charger Deployment
The US saw a 23% increase in DC fast charging ports in Q2 2025 alone, adding over 4,200 new ports. This year is expected to break records in fast charger installations, with a projected 19% year-over-year growth in ports, adding approximately 16,700 new fast charging ports.
Momentum from Prior Investments and Private-Sector Expansion
Much of the charging infrastructure buildout predates recent federal policy rollbacks and funding uncertainties. Market dynamics, such as retailers aiming to attract EV drivers and network operators raising profits through smarter pricing and growing demand, help sustain and accelerate charging station deployments independently of federal incentives.
Addressing Range Anxiety and Supporting EV Adoption
Increasing the charging infrastructure availability and improving charging speeds help reduce range anxiety, a key barrier to EV purchasing. This infrastructure rollout supports not only current EV owners but also encourages new buyers, aligning with broader goals such as President Biden’s target for half of new passenger vehicle sales to be electric by 2030.
Greenspot and Driivz: Key Players in the EV Charging Landscape
Greenspot, an award-winning charging network operator, specializes in developing, installing, and managing EV charging infrastructure for commercial, residential, and public sector clients. Greenspot offers a comprehensive range of services under a subscription model called CaaS (charging-as-a-service), which aims to address the EV charging bottleneck in non-residential properties.
Driivz, a leading global EV charging and energy management software firm, is part of Vontier Corporation, a multi-tasking, deep-pocketed software/hardware conglomerate. The Driivz platform includes a power consumption matrix to cut costs, 24/7 monitoring to maximize charger uptime, and support for more than 2,000 types of chargers.
Greenspot primarily operates in lesser-known US markets such as Jersey City, New Jersey, and Boston, while Driivz has partnerships with companies like EVgo, Shell, Circle K, Volvo Group, Recharge, St1, ESB, Mer, Francis Energy, Ennet Corporation, and eMobility Power.
Bojangles' Entry into the EV Charging Market
Bojangles, a popular fast-food chain, aims to cater to the growing number of EV drivers seeking reliable charging options. The company plans to begin installing chargers in Q4 of this year, with the goal of being up and running during the course of 2026. Bojangles plans to install turnkey EV charging stations at a wide range of locations.
The partnership between Greenspot and Driivz is expected to accelerate Greenspot's global expansion. Driivz currently manages over 150,000 public chargers and hundreds of millions of events for millions of EV drivers in North America, Europe, and APAC.
In summary, the growth in EV charging infrastructure reflects a longer-term buildup and accelerating market demand for EV adoption, even if total vehicle sales temporarily decline. Charging deployment is propelled by rising EV market penetration, ongoing private-sector investments, and strategic efforts to alleviate charging challenges across diverse regions.
- The surge in the electric vehicle (EV) charging industry, despite a perceived decline in overall vehicle sales, is driven by increased EV market share, growth in EV sales as a percentage of total vehicles sold, and private-sector expansion.
- In Q2 2025, the US saw a 23% increase in DC fast charging ports, adding over 4,200 new ports, and 2022 is expected to break records in fast charger installations with a projected 19% year-over-year growth.
- Greenspot, a charging network operator, offers a subscription model for EV charging infrastructure, and Driivz, an energy management software firm, has partnerships with major EV companies like EVgo, Shell, and Volvo Group.
- A⚡decrease in charging infrastructure availability and slower charging speeds can act as key barriers to EV purchasing, making it important to continually improve charging speeds and increase the availability of charging infrastructure.
- To cater to the growing number of EV drivers, popular food chain Bojangles plans to begin installing EV charging stations in Q4 of this year, with the goal of being fully operational during the course of 2026.
