Power-Device Shortage Slows Spread of Car Chargers, EVgo Says
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Shortages of a key electricity device are slowing EVgo Inc.’s ability to expand its network of electric-car stations.
Shortages of a key electricity device are slowing EVgo Inc.'s ability to expand its network of electric-car stations. At the end of the third quarter, 130 newly installed charging stations awaited connections to the local grids, according to Chief Executive Officer Cathy Zoi. She attributed the delays to a paucity of transformers -- devices that step down the voltage of electricity flowing over power lines to a level that appliances can use. Another reason: labor shortages. The transformer shortage is a potential stumbling block for President Joe Biden's push to slash transportation emissions via a nationwide network of EV chargers. The US recently launched...