ChargePoint Holdings Inc (CHPT)

[livefree_ordie]

Everyone here understands that all EV Charging stations are loads in America that did not exist prior to this industry taking off and they add loads to existing electrical grid systems which have not changed in many years to handle these new loads. EV Charging Stations are all considered continuous loads those loads that operate at 3 hours or more is continuous, they range from 30Amps, 60Amp, 100Amps and up depending on the charging regulation of slow, medium or fast charge. All are considered continuous as they have to charge up to at least 4 hours to 8 hours of time using power the entire time. So in essence this will create yes less carbon emissions but add them by have to upgrade and increase Electrical Grid capacities to allow for all these new loads to be accounted for. I am sort of wondering for those folks who have EV Chargers at their homes how much has your Electric Bills increased since you started plugging in these continuous loads, I better you cannot even see the meter spinning it is going so fast. Although saving grace is at night less energy is being used or required but now these all charging at nighttime in a garage should have enough power to support it but hot daytime hours not so much load will be maxxed out. Just saying. Most folks think you install a EV Charging Station somehow the power comes out of the ground into it to power it up, NOPE, it has to be connected to a sometimes overloaded Electrical Grid powered by guess what Fossil Fuels, oh well it makes folks feel better and that is the goal say you are saving the planet sounds nice but not happening here folks on the front end. Oh well stupid is as stupid does.