Public electric vehicle charging infrastructure remains "critical" in driving further EV adoption, said analysts at investment bank TD Cowen.
"A ubiquitous and reliable network of public EV charging infrastructure remains critical in driving further adoption to curtail CO2 emissions from the transportation sector," said TD Cowen.
Here are some areas that will take up the bulk of that opportunity, as well as stocks that could benefit, according to TD Cowen.
Passenger EV charging hardware The bank estimates that $91 billion in investment is required for publicly available U.S. EV charging hardware and installations for passenger vehicles, and another $14 billion for commercial vehicles by 2030.
"Ultimately, we think the next wave of EV charging companies will have a keen focus on the fleet /medium/heavy-duty sector," it said.
Persons:
TD Cowen, Cowen, Gage, They're, ChargePoint, — CNBC's Michael Bloom
Organizations:
EV, ChargePoint Holdings, ABB, Software, DC
Locations:
U.S, United States, America