Future of EV charging depends on whether it’s done at the gym or beside I-95
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Description
Future of charging depends on complicated questions Electric vehicles (EVs) are expected to account for 35% of new vehicle sales in North America by the end of this decade. This means more EV charging stations will be needed, but the mix between expensive fast chargers, like those seen at highway rest areas, and cheaper slow chargers is debated. Especially as most trips are short and easily within vehicle range. Alex Vrabel joins us to discuss how public why auto OEMs have recently coalesced around a standard but why there's a place for other types of charging, especially at home, your gym or shopping center. Alex sees an opportunity within fleet networks where driving patterns and charging are more predictable, which should help infrastructure investors get comfortable funding them.   You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2023 Bank of America Corporation. All rights reserved.  
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