Economy

ZEUS: UK charging plan for EVs is a guideline for Biden strategy

By David Callaway, Callaway Climate Insights

(David Callaway is founder and Editor-in-Chief of Callaway Climate Insights. He is the former president of the World Editors Forum, Editor-in-Chief of USA Today and MarketWatch, and CEO of TheStreet Inc.)

NEW YORK (Callaway Climate Insights) — Among the bigger challenges President Joe Biden’s new infrastructure bill faces now that it is law is how to create a national network of charging stations that can keep pace with surging demands for electric vehicles.

Why is this column called ZEUS? David Callaway explains here.

Investors in public charging companies such as Blink Charging (BLNK), Chargepoint Holdings (CHPT) and EVgo (EVGO) should pay attention to what is happening in the UK, where Prime Minister Boris Johnson announced an ambitious new strategy this week.

Already the most advanced country in Europe in terms of EV adoption, with about 250,000 public and private charging stations across the island, the UK plans to add more than a million more in the next 10 years . . . .

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