Here's Why ChargePoint's Growth Strategy Looks Solid
With more than 174,000 electric vehicle (EV) charging ports, ChargePoint (NYSE: CHPT) is one of the largest EV charging companies in the world. It boasts more than 4,000 commercial and fleet customers.
It is estimated that nearly half of the cars on the road in the U.S. will be electric by 2050. Let's see how the expected growth in electric vehicles could drive ChargePoint's growth.
ChargePoint's sales of EV charging ports have been growing steadily over the years in line with the growth in EV sales in the U.S.
Source Fool.com
