Supercharged loss: EV charger companies watch profits plummet as drivers pump the brakes ...Middle East

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Supercharged loss: EV charger companies watch profits plummet as drivers pump the brakes
Several electric vehicle charging companies are experiencing sharp declines in their share prices, with some projecting significant annual losses as sales for EVs level off and market leaders worry about the future of the industry and economy. ChargePoint Holdings reported that its shares dropped 74% in 2023 and missed its initial revenue projections for the third quarter, according to the Wall Street Journal. Blink Charging and EVgo shares also have dropped 67% and 21%, respectively. BIDEN TELLS REPORTERS TO START REPORTING ON THE ECONOMY ‘THE RIGHT WAY’ Many charging executives have expressed concerns that customers are wary about higher costs and delayed deliveries of electric vehicl

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