ChargePoint launches an affordable EV charger for fleets

ChargePoint (NYSE: CHPT) has just rolled out an affordable EV charging solution for fleets aiming to go electric without breaking the bank.

The new CPF50 Level 2 charger is priced at $699, making it easier for fleet operators to electrify their vehicles with lower upfront costs. This solution is perfect for small businesses starting to make the switch or larger fleets that want to cut their total cost of ownership.

The CPF50 can be paired with ChargePoint’s fleet management software, which keeps fleet operators in the loop with real-time data on vehicle readiness, power usage, and charging station status. It also provides energy management tools to help save on fuel costs, manage access control, and simplify the complexities of station management. Multiple CPF50 units can be managed through the cloud, allowing power sharing to cut charging costs and extend battery life. Plus, the CPF50 can be fitted with either J1772 or NACS connectors, so it’s flexible enough to work with different types of EVs.

ChargePoint CEO Rick Wilmer emphasized the company’s goal of making it easy for everyone to go electric, whether it’s individuals, businesses, or fleets. The CPF50, the company’s lowest-cost commercial charger yet, aims to make EV charging more accessible for small and large fleets alike. “We’re making the hardware more affordable, and when combined with our powerful fleet software platform, the offering can meet the charging needs of fleets of all sizes to optimize their savings,” Wilmer said.

With transportation accounting for almost 30% of greenhouse gas emissions in the US, electrifying fleets is a huge step toward achieving federal emissions reductions targets. Electric commercial vehicles are now starting to roll out across light, medium, and heavy-duty categories, allowing more fleets to finally make the shift to electric and cut down on emissions.

ChargePoint is also looking ahead to charging electric heavy-duty vehicles. Its Megawatt Charging System is set to make long-haul electric trucking feasible, with chargers delivering energy up to 20 times faster than current DC chargers for passenger EVs. Announced earlier this year, ChargePoint’s Megawatt Charging System will support bi-directional charging and will enable output of up to 3 megawatts in the future.

Read more: Porsche just officially paired up with ChargePoint in the US