The 7 Biggest EV Charging Companies

The 7 Biggest EV Charging Companies | Schuckman Realty
Commercial Real Estate & Emerging Infrastructure

The 7 Biggest EV Charging Companies

As electric vehicles become mainstream, EV charging infrastructure is reshaping the value of commercial properties — from retail centers to office parks. Here’s who’s leading the charge.

By Schuckman Realty  Â·  Industry Insights  Â·  2024

Wondering who the biggest players are in EV charging infrastructure? Today, innovative companies are pushing the bounds of charging networks around the world — and their presence is increasingly relevant to commercial real estate decisions, from tenant mix to property value.

01
ABB
Global Leader · DC Fast Charging

ABB is a Swedish-Swiss company with a massive footprint in the EV charging space. With solutions for residential, retail, and fleet charging available around the world, ABB became known in the early years as the most popular manufacturer of DC fast chargers. Today, they offer a full range of products including Level 2 chargers.

Quick Facts
  • Founded in 1988 as part of a merger; both companies trace their roots to the late 1800s.
  • In January 2023, ABB announced the sale of its 1 millionth EV charger.
  • A new U.S. factory will produce 10,000 DC fast chargers per year.
02
ChargePoint
Largest Network · Hardware & Software

With more than 174,000 charging stations around the world, ChargePoint is one of the biggest electric vehicle charging companies out there. ChargePoint offers both hardware and software for EV charging, as well as operating its own extensive network — covering public charging, workplaces, and fleet applications.

Quick Facts
  • Went public in 2021 in a $480 million de-SPAC transaction.
  • Provides EV charging stations to both Disney theme parks in the U.S.
  • Solutions available across public, fleet, workplace, and residential use cases.
03
Eaton
Power Management · 85,000+ Employees

Eaton has more than 85,000 employees worldwide and made $20.8 billion in sales in 2022. Founded in 1911, the company has grown to become one of the foremost EV charging companies. Eaton isn’t just focused on EV charging — it’s deeply involved in evolving vehicle electrification technologies more broadly, including aerospace components.

Quick Facts
  • First launched EV chargers in 2012 before re-launching an improved line in 2022.
  • Makes multiple components for both military and commercial aerospace industries.
  • Focuses on both charging hardware and the broader ecosystem of vehicle electrification.

Why This Matters for Commercial Real Estate

EV charging infrastructure is quickly becoming a key amenity — and differentiator — for retail centers, office buildings, and mixed-use properties. Properties that incorporate charging stations often command higher rents and experience stronger tenant retention. At Schuckman Realty, we help clients evaluate properties with EV readiness as part of a forward-looking investment strategy.

04
EVgo
Public DC Fast Charging · 60 Metro Areas

EVgo operates one of the largest public networks of DC fast chargers in the United States. The emphasis on fast chargers is central to EVgo’s strategy — the company wants to accelerate EV adoption with conveniently located fast chargers. It markets customer-first features including reliability, convenience, and special offers.

Quick Facts
  • Plans to triple in size over five years, adding thousands more fast chargers.
  • Currently serves 60 metropolitan areas across 30 states.
  • Rapid growth makes it a top choice for high-traffic public charging locations.
05
Electrify America
VW Subsidiary · 900+ Stations Nationwide

Born out of Volkswagen’s $2 billion emissions settlement, Electrify America is a Virginia-based subsidiary operating more than 900 charging stations and nearly 4,000 DC Fast Charger ports across the United States. Siemens invested $450 million to become a minority shareholder in 2022.

Quick Facts
  • Opened a luxe indoor charging hub in San Francisco with 20 DC fast charging stalls and 24/7 security.
  • Spin-off Electrify Canada operates more than 30 charging stations nationwide.
  • Siemens acquired a minority stake in a $450M deal in June 2022.
06
Siemens
Energy Giant · Residential & Commercial

With simple installation procedures and solutions for both residential and commercial use, Siemens has grown to become one of the EV charging industry’s biggest companies. The energy giant is focused on delivering scalable, intuitive networks without compromising on charging speeds.

Quick Facts
  • Founded in 1847 by Werner von Siemens, who designed the pointer telegraph.
  • Operates under three separately managed companies: Siemens AG, Siemens Energy, and Siemens Healthineers.
  • At spin-off, about one-sixth of worldwide electricity generation used Siemens Energy technology.
07
Tesla
50,000+ Superchargers · Most Recognized Brand

Headquartered in Austin, Texas, Tesla is the most recognizable EV company in the United States. While its Model S, Model 3, and Model Y vehicles drive the brand’s fame, Tesla also operates a network of more than 50,000 Superchargers worldwide, bringing Level 3 charging to thousands of users — what truly cements its place among the biggest EV charging companies in the world.

Quick Facts
  • Tesla’s market capitalization sits around $630 billion, making it the world’s most valuable automaker.
  • In 2023, the Tesla Model Y became the first all-electric vehicle to be the world’s bestselling car.
  • Tesla subsidiary Tesla Energy manufactures solar energy systems and batteries for consumer use.

© 2024 Schuckman Realty Inc.  Â·  New York Metro Commercial Real Estate