ChargePoint and CBRE Report Shows 64% Increase in Workplace EV Charger Demand; 3x the Rate of Charger Installations

Campbell, Calif., May 7, 2024—ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and CBRE Group today announced the publication of a new report on workplace charging trends. Data from the ChargePoint network in the report underscores the need for more EV charging stations in workplace settings, and quickly to meet demand and boost tenancies.

Collectively, ChargePoint’s data in the CBRE report demonstrates an increase in EV charger utilization at the workplace. The report highlights a 2023 increase in charging station utilization at the workplace at nearly three times the rate of increase in charging station installations. Based on 2023 ChargePoint sessions across thousands of office buildings in the United States, the research showed a 64% gain in charging sessions versus a 22% growth of new charging ports. Similarly, ChargePoint’s network charging data also showed a nearly 30% increase in the average number of unique drivers using workplace charging ports during 2023.

“As more and more drivers embrace electric vehicles, it’s critical that charging be accessible anywhere a driver needs it,” said Rich Mohr, SVP, Americas at ChargePoint. “While workplaces have offered EV charging as an amenity for years, we’re seeing a clear need for more chargers in order to meet the driver demand, and quickly.”

Office charging stations are a desirable amenity for companies seeking to attract top talent. Many employers offer free charging for their employees as a beneficial perk. ChargePoint data in the report shows this is the case with 69% of workplace sessions being free in 2023. Notably, ChargePoint data highlights that the workplace was the second most popular charging location after home charging, with 27% of all 2023 charging sessions occurring at workplaces, compared with 39% taking place at home.

“Building owners and occupiers alike are adding amenities that encourage greater office attendance, and EV charging fits that need well,” said Scott Howard, CBRE Global Head of EV Charging. “EV drivers prefer to recharge – or top off – their vehicles far more frequently than do drivers of conventional vehicles. Thus, allowing employees and tenants to charge while they’re at work is a huge advantage, especially for drivers with longer commutes.”

To read the full report, click here: https://www.cbre.com/insights/articles/ev-adoption-creates-more-demand-for-workplace-charging-stations.

About ChargePoint Holdings, Inc.

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.