Hyperdrive

Electric Vehicle Chargers Are Getting a Whole Lot Cheaper

The cost of high-power EV chargers has fallen an estimated 26% in two years.

A Tesla Model 3 charging at a Supercharger in Scotts Valley, California. — A Tesla Model 3 charging at a Supercharger in Scotts Valley, California.
Photographer: Philip Pacheco/Bloomberg

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By Ryan Fisher

January 23, 2025 at 2:20 PM UTC

This article is for subscribers only.

Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.

The price of high-power electric vehicle chargers popularized by Tesla and its Supercharger network has fallen sharply, driven by economies of scale and increasing competition.