Charging Surge

ChargePoint (CHPT) is experiencing increased usage of its chargers, driven by both standard EVs and plug‑in hybrid vehicles. PHEV owners have been charging 45% more frequently since March 1, with ChargePoint's home charging data showing a significant uptick in activity. This trend is attributed to rising fuel costs, making electric vehicles an attractive option for drivers who can choose between plugging in or stopping at a gas station.