After high expectations for U.S. electric vehicle EV charging infrastructure, following big promises from market leader Tesla, plans have come crashing down as Musk scraps the company’s expansion scheme. Tesla announced this month that it would not be going ahead with plans for a major EV charging expansion programme. This followed hundreds of layoffs in April, which led many to question Tesla’s plans for sustained growth in the U.S. and global markets.
” The rapid development of a fast-charging network in the U.S. is seen as key to encouraging drivers to shift away from internal combustion engine ICE vehicles to electric battery alternatives, supporting the national green transition. At the beginning of 2024, Biden announced the ambitious goal of installing half a million EV charging stations across the country by 2030, investing $623 million in the sector. Tesla was once the market leader for fast chargers in the U.S.
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