Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Thematic (Sector/Industry)

<ul>
<li>US public EV charging stations reached 83,519 as of July 31, 2026 (up 4.1% versus end-FY25), with total EVSE ports at 258,754, up 6.9% from end-2025 and 1.4% month-over-month</li>
<li>Active DC Fast ports rose 1.8% month-on-month to 74,343, reversing June's dip; California leads with 24.5% of DC Fast ports, while Tesla commands 50.6% of the US DC Fast base </li>
<li>NREL sees a need for 1.0 million Level 2 chargers and 182,000 DC Fast points by 2030, at current growth rates, the US is likely to fall short.</li>
</ul>


US public EV charging stations reached 83,519 as of July 31, 2026 (up 4.1% versus end-FY25), with total EVSE ports at 258,754, up 6.9% from end-2025 and 1.4% month-over-month
Active DC Fast ports rose 1.8% month-on-month to 74,343, reversing June's dip; California leads with 24.5% of DC Fast ports, while Tesla commands 50.6% of the US DC Fast base 
NREL sees a need for 1.0 million Level 2 chargers and 182,000 DC Fast points by 2030, at current growth rates, the US is likely to fall short.


US EV Charging Infrastructure Tracker – July 2026: Momentum Builds, But the 2030 Gap Persists

<ul>
<li>Divergence is the story: Global EV sales hit 9.6M units in H1 2026 (+7% YoY), but Europe accelerated (+27%), China normalized (−14%), and North America retreated (−20%) on policy shifts.</li>
<li>Value sits in the chain, not volume: China holds 80%+ of cell output. CATL out-earns its four largest rivals combined. Favour battery materials, charging infrastructure, and cost-advantaged localizing OEMs.</li>
<li>Profitability is the binding constraint: BYD overtook Tesla on 2025 volume, but Chinese price competition compressed sector margins.</li>
</ul>


Divergence is the story: Global EV sales hit 9.6M units in H1 2026 (+7% YoY), but Europe accelerated (+27%), China normalized (−14%), and North America retreated (−20%) on policy shifts.
Value sits in the chain, not volume: China holds 80%+ of cell output. CATL out-earns its four largest rivals combined. Favour battery materials, charging infrastructure, and cost-advantaged localizing OEMs.
Profitability is the binding constraint: BYD overtook Tesla on 2025 volume, but Chinese price competition compressed sector margins.


<ul>
<li>US public EV charging stations reached 82,691 as of June 30, 2026 (up 3.1% versus end of FY25), with total EVSE ports at 255,145, up 5.4% from end of 2025</li>
<li>California dominates with 24.1% of public stations and ~24.7% of DC Fast ports. Tesla commands nearly 50.9% of the US DC Fast port base.</li>
<li>NREL sees a need for 1.0 million Level 2 chargers and 182,000 DC Fast points by 2030, current growth rates suggest the US falls short.</li>
</ul>


US public EV charging stations reached 82,691 as of June 30, 2026 (up 3.1% versus end of FY25), with total EVSE ports at 255,145, up 5.4% from end of 2025
California dominates with 24.1% of public stations and ~24.7% of DC Fast ports. Tesla commands nearly 50.9% of the US DC Fast port base.
NREL sees a need for 1.0 million Level 2 chargers and 182,000 DC Fast points by 2030, current growth rates suggest the US falls short.


US EV Charging Infrastructure Tracker - June 2026

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>Comex Copper premium to LME widens again as tariff deadline looms</li>
<li>What the massive equity issuance tells us about the state of the markets</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
Comex Copper premium to LME widens again as tariff deadline looms
What the massive equity issuance tells us about the state of the markets


<ul>
<li>The US had 82,048 public EV charging stations as of May 31, 2026, growing 11.8x since 2013, yet remains dramatically behind China (4.9M) and Europe (1.17M)</li>
<li>Tesla dominates DC Fast charging with 51.6% market share; ChargePoint leads overall ports at 32.3%, but current growth rates risk missing NREL's 2030 infrastructure targets</li>
<li>Geographic concentration is a structural weakness - California alone holds 26% of all US charging ports, leaving vast swathes of the country underserved and EV adoption constrained.</li>
</ul>


The US had 82,048 public EV charging stations as of May 31, 2026, growing 11.8x since 2013, yet remains dramatically behind China (4.9M) and Europe (1.17M)
Tesla dominates DC Fast charging with 51.6% market share; ChargePoint leads overall ports at 32.3%, but current growth rates risk missing NREL's 2030 infrastructure targets
Geographic concentration is a structural weakness - California alone holds 26% of all US charging ports, leaving vast swathes of the country underserved and EV adoption constrained.


US EV Charging Infrastructure Tracker - May 2026

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

US EV Charging Infrastructure Tracker – July 2026: Momentum Builds, But the 2030 Gap Persists

US public EV charging stations continue to grow, but NREL warns of potential shortfall in needed infrastructure by 2030. California leads in DC...

GSBR Research

Global EV Monitor - August 2026

Global EV sales grew in H1 2026, with Europe leading the charge, China holding cell output dominance, and profitability remaining a challenge due...

GSBR Research

US EV Charging Infrastructure Tracker - June 2026

US EV charging infrastructure is growing, but more stations are needed to meet demand by 2030, especially in California and for Tesla vehicles.

GSBR Research

Overview #63 – Feeding the Ducks

A review of recent events/data impacting our investment themes and outlook. We look at the rise in Comex copper premiums, a closer look at the...

Rikki Malik

US EV Charging Infrastructure Tracker - May 2026

US lags behind China and Europe in EV charging infrastructure, with Tesla and ChargePoint leading but growth rates may fall short of 2030 targets,...

GSBR Research

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52-week Range

Market Cap (USDm)

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US EV Charging Infrastructure Tracker – July 2026: Momentum Builds, But the 2030 Gap Persists

​US public EV charging stations continue to grow, but NREL warns of potential shortfall in needed infrastructure by 2030. California leads in DC...

GSBR Research

Global EV Monitor - August 2026

​Global EV sales grew in H1 2026, with Europe leading the charge, China holding cell output dominance, and profitability remaining a challenge due...

GSBR Research

US EV Charging Infrastructure Tracker - June 2026

​US EV charging infrastructure is growing, but more stations are needed to meet demand by 2030, especially in California and for Tesla vehicles.

GSBR Research

Overview #63 – Feeding the Ducks

A review of recent events/data impacting our investment themes and outlook. We look at the rise in Comex copper premiums, a closer look at the...

Rikki Malik

US EV Charging Infrastructure Tracker - May 2026

​US lags behind China and Europe in EV charging infrastructure, with Tesla and ChargePoint leading but growth rates may fall short of 2030 targets,...

GSBR Research

US public EV charging stations continue to grow, but NREL warns of potential shortfall in needed infrastructure by 2030. California leads in DC...

Global EV sales grew in H1 2026, with Europe leading the charge, China holding cell output dominance, and profitability remaining a challenge due...

US EV charging infrastructure is growing, but more stations are needed to meet demand by 2030, especially in California and for Tesla vehicles.

US lags behind China and Europe in EV charging infrastructure, with Tesla and ChargePoint leading but growth rates may fall short of 2030 targets,...