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Stock impact report

One in Five Public EV Chargers in the US Don't Work, Study Finds [BNN Bloomberg (Canada)]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: BNN Bloomberg
Based on a decade of data obtained from EV drivers' reviews of charging stations, the research found that charging stations in the US have an average reliability score of just 78%, meaning about one in five don't work. That's less reliable, on average, than regular gas stations, lead researcher Omar Asensio said. “Imagine if you go to a traditional gas station and two out of 10 times the pumps are out of order,” Asensio said. “Consumers would revolt.” Spotty coverage — or “charging deserts” — are another problem, with entire counties in US states such as Washington and Virginia not having a single public charger. Meanwhile, EV drivers also routinely watch internal combustion engine car drivers park in spots reserved for EV charging. The research is bad news at a time when EV sales growth is slowing. BloombergNEF earlier this month slashed EV sales estimates and warned the auto industry is falling further off the track toward decarbonization. The reliability issues also come des Show less Read more
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