ChargePoint Network Data Demonstrates Charging Demand Continues to Outpace Growth of Charging Infrastructure

• Total ChargePoint-enabled charging sessions up 34% in one year, outpacing new ports which grew by 16%
• More than 1 million EV drivers using ChargePoint on a monthly basis
• Vehicles identified as plug in hybrids in the ChargePoint app make up ~16% of all commercial AC charging sessions

CAMPBELL, Calif.–(BUSINESS WIRE)–ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, today announced data insights from more than 100 million EV charging sessions the company enabled in the last year. The company’s own data combines with recently-released 2025 EV sales figures to suggest that charging infrastructure is not keeping up with driver demand.

ChargePoint’s data shows notable growth in both charging port expansion and utilization across the ChargePoint network and demonstrates that the number of EVs on the road is growing faster than the charging infrastructure needed to support them.

“ChargePoint believes we have entered the next phase of EV adoption. Nearly 60% of the 19.3 billion electric miles we’ve enabled in nearly 18 years took place over the most recent two years,” said Rick Wilmer, Chief Executive Officer at ChargePoint. “New EV sales are no longer the primary benchmark for charger demand, it is the total number of EVs on the road. Those installing chargers in 2026 should see accelerated ROI because of this utilization pressure.”

Automotive industry data indicates that global EV sales increased 20% in 2025¹, with European sales growing 33% and the U.S. experiencing its second-best year of EV sales ever². ChargePoint is enabling more EV drivers than ever, with more than one million drivers using ChargePoint every month. Of note, vehicles identified as plug-in hybrids (PHEVs) in the ChargePoint mobile app account for 16% of all commercial AC charging sessions managed by the ChargePoint Platform.

Whether charging demand is evaluated by volume or utilization, the data shows that charging sessions are outpacing new charger installation. In 2025, the volume of charging sessions increased by 34%, despite a much smaller increase in the number of vehicles on the road. Even with 190,000 more charging ports becoming available to drivers on the ChargePoint network, charger utilization still outpaced the growth of new ports by almost 20%. This bottleneck may get worse in 2026 unless the rate of charger installation increases.

The increased pace of electrification comes with significant environmental benefits. Since 2007, ChargePoint estimates it has helped avoid the use of 714 million gallons of gasoline. In the process, it estimates it has helped drivers avoid more than $2 billion in gasoline costs and more than 4.5 million metric tons of GHG emissions. Today, ChargePoint gives EV drivers access to more than 900,000 roaming ports in addition to approximately 375,000 public and private ports that ChargePoint directly manages.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

Forward Looking Statement

This release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the anticipated or expected future growth of the market for EVs in North America and Europe, increasing utilization of EV charging stations by EV drivers, and any acceleration in the return on investment for future or current charging station infrastructure. Forward-looking statements include statements regarding ChargePoint’s expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “proposed,” “will” and “would” or similar words. These forward-looking statements involve risks, uncertainties, and assumptions, including risks associated with the continuation, acceleration or decline in EV sales and charging station infrastructure deployment in North America and Europe. Additional risks and uncertainties are included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in ChargePoint’s Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on December 5, 2025, which is available on ChargePoint’s website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Forward-looking statements are not guarantees of future performance and actual results could differ materially from those expressed or implied by the statements made herein. All forward-looking statements in this press release are based on information available as of the date hereof and ChargePoint assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.

About ChargePoint Holdings, Inc.

ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.3 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 16 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

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1 From Global EV sales reach 20.7 million units in 2025, growing by 20%, Rho Motion, January 2026.

2 From Despite Q4 Collapse, 2025 EV Sales Decline Only 2% Versus 2024; Policy Shifts, New Product Set Stage for Next Chapter, Cox Automotive, January 2026.

CHPT-IR

Contacts

ChargePoint
John Paolo Canton
Vice President, Communications
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AJ Gosselin
Director, Corporate Communications
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