Blink Charging CEO: Investors Shouldn’t Expect EV Plays to be Profitable — Yet

Soaring gas prices helped drive electric vehicle adoption in the first quarter, with EVs doubling their market share to 5.2% in the U.S.

The global race to net zero has supercharged the EV charging infrastructure market. With some estimates expecting revenue to top $147 billion by 2030.

Last week, Blink signed a $23.4 million deal to purchase Electric Blue (EB Charging). And its 1,150 chargers in the United Kingdom. Which marks the company’s first entry into the UK market. That was preceded by an expansion into Greece and Latin America. And last year, the company signed a nearly $24 million acquisition deal. To purchase Belgium-based charging operator Blue Corner N.V. And its 7,071 charging ports across Europe.