The popularity and success of Tesla has proven there is demand for electric cars.

Automakers are investing billions into an electric-powered future. Last year, 143 new EV’s launched around the globe. Analysts predict record growth of EV sales in 2021, especially in Europe and China. 

But, in the U.S., electric vehicles sales represented less than 2% of all autos sold in 2019, according to the Edison Electric Institute. Several hurdles remain for the market to really take off. One of the biggest is charging. 

CNBC explores the current state of electric vehicle charging and how automakers like Tesla, GM and companies like ChargePoint and Electrify America are adding charging infrastructure to increase electric vehicle adoption.

Watch the video to learn more. 

You May Also Like

Singapore’s venture capital scene looks set for a ‘pretty decent’ 2023, investment firm says

Singapore’s tech start-up scene has grown in recent years, and the city-state…

Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries

Electric vehicle maker Tesla is cutting prices in the United States and…

Siemens Energy shares plunge more than 37% as wind turbine worries deepen

Siemens Energy shares plunged 31% on Friday morning after the company scrapped…
Ethereum co-founder warns against voting only on ‘pro-crypto’

Ethereum co-founder warns against voting only on ‘pro-crypto’

Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates…