Please ensure Javascript is enabled for purposes of website accessibility

Blink Charging and General Motors Ink EV Charging Agreement

By Scott Levine - Updated Apr 30, 2021 at 8:47PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

GM's EV motorists now have another charging option.

Drivers behind the wheel of electric vehicles (EVs) from General Motors (GM 1.35%) will soon have an easier time finding places to plug in and recharge. Blink Charging (BLNK -3.57%) and GM announced today that Blink Charging's EV recharging network will now be available as a part of GM's Ultium Charge 360 experience. 

Addressing the collaboration, Blink CEO Michael D. Farkas said:

We are starting to see the results of years of work in our industry to move transportation toward full electrification. Blink will continue to work to make the EV charging experience as simple and familiar as possible for EV drivers. This will drive significant traffic to both Blink-owned and host-owned Blink locations, will considerably boost utilization rates, as well as attract new EV drivers.

An EV at a charging station.

Image source: Getty Images.

Earlier this week, GM revealed Ultium Charge 360, which the company says will "integrate charging networks, GM vehicle mobile apps, and other products and services to simplify customer charging experience." According to Travis Hester, GM's chief EV officer, "Ultium Charge 360 simplifies and improves the at-home charging experience and the public charging experience -- whether it's community-based or road-trip charging."

Besides Blink Charging, GM has partnered with other leading EV charging companies like ChargePoint, EV Connect, and EVgo, which will soon merge with the SPAC Climate Change Crisis Real Impact I Acquisition.

Interest in EV charging has grown considerable recently as it has become a major focus of the President Joe Biden's American Jobs Plan, which aims to add 500,000 charging stations nationwide. Illustrating the renewed focus on EV charging, the Department of Energy recently announced $34 million in funding to encourage EV charging development. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Blink Charging Co. Stock Quote
Blink Charging Co.
$15.94 (-3.57%) $0.59
General Motors Company Stock Quote
General Motors Company
$32.19 (1.35%) $0.43
Chargepoint Holdings Inc. Stock Quote
Chargepoint Holdings Inc.
$12.69 (-7.31%) $-1.00
Climate Change Crisis Real Impact I Acquisition Corporation Stock Quote
Climate Change Crisis Real Impact I Acquisition Corporation

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/01/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.