Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Thematic (Sector/Industry)

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 73,535 as of October 30, 2024. Compared to the end of FY23, it is an increase of 13.8%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 202,179, up nearly 20.1% compared to the end of 2023 and up 2.6% over September 2024.</li>
<li>US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 73,535 as of October 30, 2024. Compared to the end of FY23, it is an increase of 13.8%.
Total EVSE charging ports (including the temporary unavailable ports) were 202,179, up nearly 20.1% compared to the end of 2023 and up 2.6% over September 2024.
US considerably lags behind China which had 3.39 million public charging stations at the end of October 2024.


US EV Charging Infrastructure Tracker: Update – October 2024

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 72,280 as of September 30, 2024. Compared to the end of FY23, it is an increase of 11.8%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 197,133, up nearly 17.1% compared to the end of 2023 and up 1.5% over August 2024.</li>
<li>US considerably lags behind China which had 3.32 million public charging stations at the end of September 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 72,280 as of September 30, 2024. Compared to the end of FY23, it is an increase of 11.8%.
Total EVSE charging ports (including the temporary unavailable ports) were 197,133, up nearly 17.1% compared to the end of 2023 and up 1.5% over August 2024.
US considerably lags behind China which had 3.32 million public charging stations at the end of September 2024.


US EV Charging Infrastructure Tracker - Sep 2024

Event-Driven

Fortive Corporation operates as a diversified industrial growth company. The Company focuses on professional instrumentation, automation, sensing, and transportation technologies. Fortive serves customers worldwide.

<ul>
<li>On September 4, 2024, Fortive Corp (NYSE: FTV) announced plans to separate its Precision Technologies business into a separate publicly listed company (NewCo), via a tax-free spin-off transaction.</li>
<li>NewCo, being more volatile and lower margin, versus the parent, has been a drag on the overall valuation of FTV.</li>
<li>FTV (ex NewCo) will be a high recurring revenue business with strong free cash flow generation profile. We believe that FTV (ex NewCo) will command a higher multiple.</li>
</ul>


On September 4, 2024, Fortive Corp (NYSE: FTV) announced plans to separate its Precision Technologies business into a separate publicly listed company (NewCo), via a tax-free spin-off transaction.
NewCo, being more volatile and lower margin, versus the parent, has been a drag on the overall valuation of FTV.
FTV (ex NewCo) will be a high recurring revenue business with strong free cash flow generation profile. We believe that FTV (ex NewCo) will command a higher multiple.


Fortive Corp (NYSE: FTV) To Spin-Off Precision Technologies Business

<ul>
<li>US considerably lags behind China and Europe which had 3.2 million and 0.9 million public charging points at the end of July 2024. US had just 180,136.</li>
<li>US aims to reach 500,000 public EV chargers by 2030. This compared with EU's target of 3.5 million chargers by the same timeframe.</li>
<li>EV adoption remains slow in the U.S. impacted by pricing and lack of infrastructure.</li>
</ul>


US considerably lags behind China and Europe which had 3.2 million and 0.9 million public charging points at the end of July 2024. US had just 180,136.
US aims to reach 500,000 public EV chargers by 2030. This compared with EU's target of 3.5 million chargers by the same timeframe.
EV adoption remains slow in the U.S. impacted by pricing and lack of infrastructure.


US Lags Behind China and Europe in EV Charging Infrastructure

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 71,129 as of July 30, 2024. Compared to the end of FY23, it is an increase of 10.0%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 190,454, up nearly 13.1% compared to the end of 2023 and up 1.3% over June 2024.</li>
<li>US considerably lags behind China which had 3.05 million public charging stations at the end of May 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 71,129 as of July 30, 2024. Compared to the end of FY23, it is an increase of 10.0%.
Total EVSE charging ports (including the temporary unavailable ports) were 190,454, up nearly 13.1% compared to the end of 2023 and up 1.3% over June 2024.
US considerably lags behind China which had 3.05 million public charging stations at the end of May 2024.


US EV Charging Infrastructure Tracker: Update – July 2024