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Electric Car-Charging Business Is Doing Everything But Making Money

Biden plan for 500,000 stations is key part of climate goals
But charging companies haven’t figured out how to make money

General Motors Installs Charging Stations For Cruise Self-Driving Fleet — Photographer: David Paul Morris/Bloomberg

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By David R Baker

April 30, 2021 at 11:30 AM UTC

Updated on

April 30, 2021 at 4:58 PM UTC

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President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.