Please ensure Javascript is enabled for purposes of website accessibility

Electric Car Charging Stations Starting to Spread

By Travis Hoium – Updated Apr 6, 2017 at 11:22PM

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

An expanding network of public car chargers is eliminating one of the hurdles electric vehicles face.

I never found out what came first, the chicken or the egg, but we may be finding an answer to our chicken/egg question for electric cars. Will an electric charging infrastructure be first, or the mass adoption of electric cars?

Car chargers, built for public use are being installed at malls, businesses and homes eliminating one of the excuses holding back the sale of electric cars. For many drivers an electric vehicle makes a ton of sense most of the year but if I can't make a couple of necessary 500-mile trips every year it isn't worth it. Maybe that isn't really a valid excuse any more?

Here are just a few of the developments helping to expand the charging network.

  • Milbank Manufacturing is leveraging its distribution network to sell AeroVironment (Nasdaq: AVAV) car chargers. The chargers will be sold to utilities, contractors, businesses and consumers around the country.
  • ECOtality is building the very audacious EV Project, a plan to install 15,000 charging stations throughout five states.
  • 3M (NYSE: MMM) has installed charging stations for guests and employees at its headquarters in St. Paul, MN. The stations will be part of the expanding ChargePoint network, which can locate stations on its very own iPhone app. Chargepoint has installed charging stations at locations around the country including Buffalo Wild Wings in Florida, a bank in Minnesota, and a City Hall in Kansas.

General Electric (NYSE: GE) is also making a splash with the stylish WattStation that should be available this year. For now, they've just provided us with some entertaining commercials.

As these networks are built nationwide an electric vehicle becomes a little less scary for those of us interested in taking the leap. But auto manufacturers will have to start extending the range of electric vehicles beyond what they currently make. Tesla Motors (Nasdaq: TSLA) advertises a 244-mile range for the Roadster but a quick Google search will show more than a few drivers say that number is a little questionable. The Nissan Leaf is even worse with a range of just 100 miles.

It's nice to know there will be lots of charging stations available when I'm ready to buy an electric car. I just hope I have the range to get there.

Interested in reading more about AeroVironment? Click here to add it to My Watchlist, and My Watchlist will find all of our Foolish analysis on this stock.

Fool contributor Travis Hoium owns shares of AeroVironment. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

3M is a Motley Fool Inside Value recommendation. AeroVironment is a Motley Fool Rule Breakers choice. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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

3M Company Stock Quote
3M Company
MMM
$112.69 (-0.27%) $0.30
General Electric Company Stock Quote
General Electric Company
GE
$64.80 (0.51%) $0.33
Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$278.82 (1.27%) $3.49
AeroVironment, Inc. Stock Quote
AeroVironment, Inc.
AVAV
$85.89 (-3.12%) $-2.77

*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
329%
 
S&P 500 Returns
106%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/26/2022.

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.