Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.
Not Too Shabby
BloombergNEF just published an analysis of how electric-vehicle charging companies are faring financially. Some lesser-known companies in the space — Finnish fast-charging manufacturer Kempower and Dutch fast-charging operator Fastned, for example — are turning a corner with respect to profitability.
BNEF estimates that annual worldwide public-charging revenue will rise to $127 billion by 2030, with probably the most familiar company — Tesla — on track to mop up $7.4 billion, or around 6%, of all that business.
Tesla has long been applauded for laying the foundation for EV adoption ...