The electric vehicle charging infrastructure gold rush and land grab is well underway. By 2030, EVAdoption estimates that more than 30 million EVs will be on the road in the US alone, up from roughly 2.3 million at the end of 2021.
From start-ups such as FreeWire, SparkCharge, and WeaveGrid to large global technology companies such as Siemens, BP, Shell, and LG Electronics — the race is on to capture a share of the EV charging infrastructure market — one of the single biggest new market opportunities in 100 years.
To track the mergers, acquisitions, investments and funding rounds, and IPOs, EVAdoption has launched the EV Charging Industry Deal Tracker Database which will live here on the EVStation site.
Below is an initial list of EV charging industry acquisitions and investments — we will be adding both new and past deals all the time. (Note: The tables may take a few seconds to load from our database.)
If you know of M&A deals or investments that should be added to our Deal Tracker, you can add them by filling out this form.
On November 15, 2021, the President signed into law the Bipartisan Infrastructure Law (BIL), enacted as the Infrastructure Investment and Jobs Act (IIJA), part of which created a new National Electric Vehicle Infrastructure (NEVI) Formula Program. Its goal is to fund the building of a nationwide network of 500,000 EV chargers by 2030.
Each state will be allocated a share of the total $5 billion being allocated over five years (fiscal years 2022-2026). Plans needed to be submitted (and all were) to the Joint Office of Energy and Transportation (Joint Office) no later than August 1, 2022. The Federal Highway Administration (FHWA) approved all 52 plans in late August and then mid-September, 2022.
As of April 3, 2023, only one state (Ohio) has closed its NEVI grant application process, but has yet to announce award winners.
Following are several NEVI-related websites and resources:
Alternative Fuel Corridors
FHWA Regional Office Director: NEVI applicants should get to know and interact with personnel at their regional FHWA offices. Below are helpful links:
Here is a list of key FHWA contacts:
Office of Infrastructure
Office of Planning, Environment, and Realty