Fortune features Enel X Way's commitment to deploy over 2 million charge ports in North America by 2030, include more than 10,000 public DC fast chargers.
“It seems audacious, but it’s a fairly logical jump,” Chris Baker, Enel X Way’s head of North America, told Executive Editor Peter Vanham over the phone. The company already sold over 170,000 of its JuiceBox home and business chargers. Going from 170,000 to 2 million over a decade, is “a nice evolution, not rocket science,” he said.
Chris Baker points out the necessity of charging companies to make long-term investments as the EV transition is bottlenecked by a lower density of charging infrastructure compared to Europe, particularly DC fast chargers. Enel X Way is able to draw on global expertise as its main advantage in expanding infrastructure, including partnerships with Volkswagen, McDonald's and energy providers such as Petrobras.
Los Angeles-based cleantech investor Alex Mitchell says politics are affecting the industry, giving foreign companies an edge. “Call it ESG or whatever, the whole topic of sustainability is still a partisan topic in the U.S., in a way it is absolutely not in Europe,” he said. It has meant that “in the corporate industrial space, European firms are generally advantaged over their U.S. counterparts,” Mitchell said.
Read more about Enel X Way's ambitious plans in Fortune's article here