Hyperdrive

How the US Can Emerge From Its EV Charging Woes

China and Europe are installing far more connectors, but companies are diving into the market to capture billions of dollars from states and Washington.

Electrify America charging stations on display at AutoMobility LA.

Photographer: Bing Guan/Bloomberg

Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.

We at BloombergNEF expected 2023 to be a big year for electric vehicle charging in the US. Instead, installations of public chargers dropped by almost a third from the year before.