Ultrafast EV chargers aim to lower utility costs, accelerate adoption

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Power management company Eaton and electric vehicle charger network ChargePoint have unveiled new EV charging infrastructure meant to provide ultrafast charging along with bidirectional charging capabilities, the companies announced Aug. 28.

The new ChargePoint Express Grid combines ChargePoint chargers with Eaton’s end-to-end power infrastructure to create a system that will “seamlessly synchronize onsite renewables, energy storage and vehicle batteries with local energy markets to help fleets significantly reduce fueling costs,” according to the press release.

The companies said the system will require a 30% smaller footprint with 30% fewer capital expenditures compared to typical chargers, ultimately cutting up to 30% of operational costs.

The new technology “will take DC fast charging to levels of performance and cost not previously imagined,” Rick Wilmer, CEO of ChargePoint, said in a statement.

ChargePoint and Eaton announced their partnership in May, promising “turnkey offerings” to simplify and accelerate the electrification transition in transportation.

“Combined with Eaton’s end-to-end grid capabilities, ChargePoint is delivering solutions to help EVs win on pure economics, regardless of tax incentives or government support,” Wilmer said.

The Trump administration had previously stalled federal funding of EV chargers, though it relaunched the program after a court order. In addition, federal EV tax credits are expiring this month due to the passage of the One Big Beautiful Bill in July.

Commercial ChargePoint clients in North America and Europe can order the new infrastructure in early 2026, with deliveries expected in the second half of 2026. Eaton will build a custom, “site-ready” solution for each client, the release said.

“Our partnership with ChargePoint is an accelerator for innovation in electrification, with novel technology today and into the future that makes going electric the smart choice,” said Paul Ryan, vice president and general manager of energy transition at Eaton.

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