Inside EV Charging Newsletter | 2024 Wrap-Up

Welcome to the final edition of Inside EV Charging for 2024!

Over the past 12 months, we have witnessed a remarkable convergence of government support, private sector innovation, and global commitment to electrification. From massive infrastructure investments to regulatory milestones, the EV charging landscape has undergone a shift that promises to accelerate the transition away from fossil fuel-dependent transportation.

Our year-end edition takes you through the most significant milestones of each month that have defined the EV charging industry in 2024 and the notable EV charging infrastructure investments.

The biggest EV charging industry stories in 2024

?January 2024 ?

• Biden Administration Releases $623M in CFI Grants marking the largest US funding announcement of the year. The funding will support 47 projects and 7,500 charging ports, with a particular emphasis on developing community-oriented charging infrastructure.
• France Hits Public Charging Milestone with 120,354 public charge points, marking a 41% increase in one year, while its fast charging growth has expanded from 9% to 17% of total installations.

? February 2024 ?

• Electra Secures €304M Funding. This record-breaking European charging sector investment, led by Eurazeo and RAID, will support plans to establish 15,000 charging points by 2030.
• IONNA Network Launch Approved A joint venture of seven major automakers received approval to develop 30,000 high-powered charging stations that will support both NACS and CCS connectors.

? March 2024 ?

• UK Government Approves ￡185M+ for Charging Infrastructure. As part of the Zero Emission Vehicle mandate, the government has allocated funding to 44 councils to develop charging infrastructure in residential areas without private parking.
• California Reaches 100,000 Charging Station. Following a $1.9B investment plan approval, the state has achieved this milestone as part of its broader $48B California Climate Commitment.

? April 2024 ?

• AFIR Regulations Take Effect (April 13) The major EU-wide regulatory milestone introduces new standards for payment systems and accessibility, along with requirements for data sharing and reporting.
• EU Allocates €424M for Zero-Emission Transport The funding will support 42 infrastructure projects, including 4,200 new electric charge points, as part of the €1B AFIF budget for 2024-2025.

? May 2024 ?

• Tesla 's $500M Charging Network Investment. Despite recent layoffs, the company announced major expansion plans with a focus on improving network reliability and expansion.
• EU-China Trade Tensions. The EU's consideration of 25-30% tariffs on Chinese EVs and the US announcement of 100% tariffs has prompted China to threaten retaliatory measures.

? June 2024 ?

• Germany Mandates Fast Charging at Gas Stations. Starting January 1, 2028, large petrol station companies will be required to provide at least one fast-charging point with a minimum capacity of 150 kilowatts at their station.
• Gireve which connects over 500,000 charging points across 35 countries and processes over 100 million charging sessions annually, has secured €20M from Partech's Impact Fund and existing shareholders to develop new services including Plug & Charge and Clearing solutions.

? July 2024 ?

• Europe Hits Major Public Charging Milestone. The continent surpassed 900,000 public charging points with a 55.4% average annual growth since 2021, led by deployment efforts in the Netherlands, Germany, and France.
• TotalEnergies and SSE Launch Major UK/Ireland Initiative. The companies announced their "Source" joint venture for EV charging, planning to deploy 3,000 high-power charging points across 300 "EV hubs" over five years with the goal of capturing 20% market share.

? August 2024 ?

• California's Comprehensive EV Push. The state announced a multi-faceted initiative allocating $32M for 458 fast chargers and $242M for low-income EV subsidies, while Los Angeles plans 10,000 streetlight chargers and $500M will support 1,000 zero-emission school buses.

? September 2024 ?

• The Biden Administration's $521M investment will support 51 projects across 30 states to create over 9,200 new charging ports, with particular emphasis on serving disadvantaged communities.

? October 2024 ?

• Italy launched a €530M tender to install 21,255 fast charging points by 2025, with 8,151 stations planned for urban areas and 13,651 for extra-urban locations.
• 雷诺 introduced vehicle-to-grid charging in France through a partnership with The Mobility House, with plans to expand to the UK and Germany in 2025.

? November 2024 ?

• Scotland's Infrastructure Expansion surpassed its target of 6,000 public charging points with a ￡6.3M investment, representing a 49% increase from June 2023.
• Mercedes-Benz Vans, LLC (Charleston, SC) and E.ON partner for Eastern European fleet charging to provide comprehensive charging solutions across Romania, Slovakia, Czech Republic, and Hungary, offering full-service packages including installation and maintenance to support business fleet electrification.

? December 2024 ?

• EVgo secured a $1.25B DOE loan to install 7,500 new DC fast chargers, planning to triple its network to 10,000 stalls by 2029 through a five-year deployment starting in 2025.
• 壳牌 Recharge Solutions will transfer its home and workplace charging operations to 50five across six European markets while maintaining its public charging network of approximately 70,000 charge points in the UK, Netherlands, Germany, France, Belgium, and Luxembourg.

Notable EV Charging Infrastructure Investments 2024

Electra (France) Raised €304 million in Series C funding, led by Eurazeo and RAID, to grow its ultra-fast charging network across Europe.

Powerdot (Europe) Powerdot secured €100 million for the European expansion of EV charging.?

FLO EV Charging (North America) Awarded $136 million in government support to boost EV charging production and deployment.

Energy Park (UK) Received ￡35 million to develop EV charging solutions for residential areas.?

Charge+ (Singapore) Raised $8 million in Series A funding to expand across Southeast Asia, managing over 2,000 charging points.

MobilityPlus (Belgium) Secured €40 million in venture capital from Suma Capital's Climate Impact Fund III to expand operations in France and Belgium.?

Eldrive (Eastern Europe) Raised €35 million in growth capital to expand fast-charging networks in Bulgaria, Romania, and Lithuania.

Our most popular blog posts of 2024

From solving the build vs. buy dilemma to implementing AFIR-compliant payment solutions, our most-read articles this year focused on practical insights helping charging operators scale their business through smart software choices and innovative integrations. Here are the stories that captured our readers' attention:

Unravel the Build vs Buy dilemma in EV charging management software

EV charging operators face a crucial choice between building custom software, buying off-the-shelf solutions, or taking a hybrid approach - but it's not the straightforward decision it might seem. In this blog post, we dive into how industry leaders increasingly adopt hybrid strategies that combine ready-made platforms with custom capabilities. The article explores four key decision criteria offering valuable insights for energy companies, fuel retailers, and enterprises looking to stake their claim in the booming EV charging market.

Read more

How CPOs can use API to innovate in EV charging [3 AMPECO client use cases included]

Make sure you read AMPECO’s curated guide to the must-attend industry events in 2025 before you book your flights. Whether you're looking to expand in established markets like Europe and North America or explore emerging opportunities in Asia-Pacific and the Middle East, these events offer vital connections, insights, and growth opportunities for your charging business.

Read more

How to enhance AMPECO’s white-label mobile app with custom functionality

Transform your white-label EV charging app into a powerful business tool. This blog post reveals how charge point operators can embed custom web applications, integrate with parking systems, and create special offers for dealerships and retail partners - all without building from scratch. See how leading operators use this flexibility to deliver unique charging experiences and unlock new revenue streams.

Read more

Ad-hoc payments: 4 ways public CPOs can rely on AMPECO to comply with AFIR

With Europe's new AFIR regulations coming into effect, AMPECO unveils four flexible solutions for implementing ad-hoc payments at EV charging stations. From web portals and QR codes to payment terminals and kiosks, discover how charge point operators can make EV charging more accessible while meeting compliance deadlines - without breaking the bank.

Read more

As we prepare to bid farewell to 2024, we want to extend our warmest wishes for the new year ahead.?

Thank you for being part of our growing EV charging community. We remain committed to bringing you the most compelling industry insights and developments, and we look forward to continuing this journey together in 2025!

Get the most important EV charging news, insights, and trends, and subscribe today to our newsletter.

You can email us anytime at [email protected] to share thoughts, criticisms, opinions, or tips. We would love to hear your feedback and ideas.