The world is headed towards a cleaner, more sustainable future, and this is the reason the market for e-cars is on the rise right now. According to the International Energy Agency (IEA), there were about 14 million new electric vehicles licensed worldwide in 2023, raising the total number of electric vehicles on the road to 40 million.
But of course, for this revolution to indeed get started and become as meaningful as it should, we need charging, correct? That is where a few other innovative companies file in to give some competition. Alright, strap yourselves in, and let me take you through the realm of EV charging and AdTech stocks!
Blink Charging: Powering the EV Movement
First on deck, we have Blink Charging Co. (BLNK) — a clear market leader in the EV charging companies stock race. These fellows have installed more than thirty thousand charging outlets in eighteen different countries, the majority being interconnected electric car charging stations. That means that the owners of electric versions can get a charge almost anywhere that Blink has a presence in the world. Talk about convenience!
But that’s not all. Blink has several other products and services, including Blink EV charging stations, Blink charging hardware, Blink charging software, and products from Blink’s recently acquired companies, Blue Corner and BlueLA. They have also made other key partnerships with different kinds of properties, including apartments, balance spaces, commercial places, airports, colleges and universities, municipalities, parking structures, shopping centers, and parking for stores, schools, and workplaces. Of course, they want to be where EV drivers may need a charging stop – everywhere, basically.
EVgo: Leading the Charge for Widespread Adoption
Next up is EVgo, Inc. (EVGO), truly a trailblazer in the charging solutions sector. They are developing and operating the supplies and infrastructure needed to hasten the broad acceptance of EVs by companies, ridesharing and commercial fleets, and individual drivers alike.
EVGO has fast charging networks that own and operate more than 60 metropolitan areas and around 30 states with almost 900 fast charging locations. Yikes, but they’re not stopping – EVgo is steadily building more new DC fast charging stations in the U. S. including those developed under the white label arrangement of the firm’s service known as EVgo eXtend™.
Creative Realities: Bringing Brands to Life
First up, we’ve got Creative Realities, Inc. (CREX), a full-service digital signage solutions company with a suite of proprietary CMS software products. These guys are all about connecting brands and people in the spaces and places they love with contextually relevant, omni-channel digital experiences tailored to the physical environment. What sets Creative Realities apart is its end-to-end offering and ability to deploy at scale, whether it’s 1,000 locations or a single flagship spot.
But here’s the real kicker – Creative Realities’ Adlogic smart media trafficking platform can monetize digital networks as an advertising channel, generating revenue for clients owning some of the biggest on-premise ad networks in the world. This game-changing capability positions them to dominate the place-based digital out-of-home segment as a valuable, measurable media channel.
GD Culture Group: Bringing Marketing to China
Last but not least, we’ve got GD Culture Group Limited (GDC), a holding company currently conducting business through Shanghai Highlight Media Co., Ltd. Highlight Media was established in 2016 as an integrated marketing service agency that provides companies in China with services in brand management, image creation, public relations and media contacts, social media management, and event planning.
In A Nutshell
And that’s it – an overview of the market share analysis in the EV charging and AdTech industries. From companies that are powering the evolution of the rapidly growing EV industry to those that are innovating the advertising technology space, the above-listed enterprises are some of the many you should keep an eye on in the coming years. In today’s global environment, moving towards sustainability and interconnectedness, advances in these sectors will be invaluable in determining the future of people’s lives, productivity, and leisure.
FAQs
- Which EV charging companies are currently leading the market share race?
The industry leaders in EV charging right now are ChargePoint, Blink Charging, and EVgo. ChargePoint is projected to control around 25% of the market soon.
- What factors are driving growth in the EV charging sector, and how will they impact stock prices?
High acceptance rates of EVs, government policies to support this industry, and constant investment in charging stations can lead to higher stock prices for companies operating in this industry.
- Are there any hidden risks associated with investing in EV charging companies?
Some threats include competition from other industries, changes in policies and legislation regarding the use of EVs, technological changes, and the rate of change in trends towards the use of EVs to affect profitability and stock market returns.
- How can I identify the companies with the most promising future in the EV charging market?
Consider outcomes such as new technology inventions, cooperation and alliance, infrastructure
rollout plans, efficiency, and connectivity standards to measure prospective companies for future business success.