2023 is almost at its finish, and the Blink staff is working exhausting to convey EV charging in every single place. It’s been an ideal 12 months with firm record-breaking gross sales and large will increase in our membership. In our Third Quarter 2023 Earnings Report, we proudly introduced that Blink has efficiently contracted, offered, or deployed practically 85,000 charging stations since its inception, following two consecutive quarters of standard progress. There are actually practically 460,000 Blink members, and we’re already planning celebrations for our subsequent gross sales and membership milestones. As we method the tip of 2023, we wish to acknowledge vital business information and the exceptional accomplishments of Blink Charging all through this 12 months.
New Management Adjustments and Group Promotions
Whereas we could also be biased, we’re proud to say that Blink has the most effective management staff discovered anyplace.
![Blink’s 2023 Year in Review - Blink Charging Blink President and CEO Brendan Jones](https://blinkcharging.com/wp-content/uploads/2021/03/Brendan-Jones-Heashot-1200x1500-1-240x300.jpg)
This summer season marked vital developments inside our management ranks: Brendan Jones, President of Blink Charging, was promoted to Chief Government Officer. Following this Miko de Haan, the Managing Director overseeing European operations, ascended to the function of President for Blink Europe and Rising Markets. Moreover, Jenifer Yokley, Sr. Vice President of International Advertising and marketing, joined our esteemed government staff. Moreover, we celebrated the promotions of Mike Battaglia to Chief Operations Officer, Jim Nemec to Chief Income Officer, and Siddhartha Kodgi to Vice President of Operations.
This 12 months, our subsidiary Blink Mobility made a notable announcement appointing a brand new President, Aric Ohana to steer Blink Mobility. Particularly, BlueLA powered by Blink Mobility prioritizes reasonably priced EV automotive sharing in cities, whereas Envoy concentrates on providing sharing providers as an amenity in residences, accommodations, and workplaces. Envoy stands as Blink’s newest acquisition, bringing useful experience in community-based EV automotive sharing, thereby enabling Blink mobility to increase EV entry to a bigger pool of drivers.
Blink’s Rebrands of Acquisitions
Throughout 2021-2022, Blink Charging expanded our worldwide footprint by a number of key acquisitions. Within the spring, we’re celebrating integrating and rebranding EB Charging into Blink Charging UK and SemaConnect India into Blink Charging India. This summer season, we accomplished our community integration of all North American SemaConnect EV drivers and {hardware} into Blink Charging US. Lastly, within the fall, we introduced the rebrand of Blue Nook into Blink Charging Belgium. Because of our new community integrations, we’re proud to supply a world Blink Charging expertise, so EV drivers can use the identical world Blink cellular app at 1000’s of places in North America, Latin America, Europe, and Asia.
Product Bulletins and Launches
![Blink’s 2023 Year in Review - Blink Charging Blink Portable Charger Level 2 EV Charging Station for Roadside Assistance](https://blinkcharging.com/wp-content/uploads/2023/02/mobileCharger_Productpage-image-300x225.jpg)
Not solely did Blink add new charging stations to our community in 2023, however we additionally launched a number of new merchandise! The 12 months started with Blink’s exhibit on the Client Electronics Present (CES) the place we debuted the EQ 200 for European and Latin American (LATAM) markets, Sequence 3 for Asia-Pacific (APAC) and LATAM markets, PQ 150 for European markets, and the Sequence 9 30kW DC Quick Charger for world markets. In March 2023, we relaunched our Cell EV Charger, which supplies transportable charging for emergency roadside help firms and fleets. Then in June, we introduced the ultimate design of our latest 240kW DC Quick Charger, which was teased at CES 2023.
The North American electrical automobile business made a monumental shift in the summertime of 2023, and Blink is proud to reply with our state-of-the-art charging stations. Final 12 months, Tesla opened its newly renamed North American Charging Customary (NACS) connector to different automakers. As famous by in a report by the Nationwide Renewable Vitality Laboratory (NREL), “As of June 30, 2023, roughly 66% of registered all-electric automobiles in the US had been Teslas and subsequently suitable with the NACS connector.” In a wave of bulletins, legacy automakers together with Ford, Basic Motors, BMW, and Nissan introduced their intention to make use of the NACS connector in future EVs. To satisfy the wants of EV drivers in every single place, Blink Charging will provide the NACS charging normal on our full line of charging stations, together with Stage 2 and DCFC.
Designed with the long run in thoughts, Blink gives a full vary of options for Stage 2 and DC quick charging.
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Blink Groups Up with High Business Leaders
All through the First by Third Quarters of 2023, Blink contracted, offered, or deployed over 18,000 charging stations, elevating our world depend to almost 84,000. We eagerly anticpate unveiling our year-end outcomes. Nonetheless, these additions are solely a part of the image. This 12 months, Blink collaborated with main manufacturers to supply entry to extra EV chargers to extra folks.
Main Laws that Modified the Business
Lastly, 2023 noticed main adjustments to the patron and enterprise incentives for electrical automobiles and EV charging. This 12 months, the $7,500 Part 30D Clear Car Credit score returned with new restrictions: whereas there was now not a per-manufacturer gross sales cap, 2023 launched new necessities for max MSRP, battery elements, and client’s adjusted gross earnings (AGI). There have been additionally two new EV tax credit that started in 2023: the Used Clear Car Credit score, value 30% of the acquisition value as much as $4,000, and the Industrial Clear Car Credit score, which is value 30% of the full value of the automobile, as much as $7,500 for light-duty automobiles underneath 14,000 kilos and $40,000 for all different EVs. Just like the tax credit score for brand new EVs, the used EV tax credit score included an AGI cap and should be offered by a licensed seller.
Starting in 2024, the patron variations of those tax credit will change once more, and EV drivers can entry the credit score on the level of sale, however automobiles will solely qualify for the $7,500 credit score if they’re manufactured in North America and battery elements are made or assembled exterior of a Overseas Entity of Concern (FEOC).
The Part 30C Different Gasoline Car Refueling Property Infrastructure tax credit score, often known as the EV charging station tax credit score, returned in 2023 with some new restrictions. Companies now must be located in eligible census tracts to assert a base credit score of 6% of complete mission value, per station, up as much as $100,000. Furthermore, they need to fulfill wage and apprenticeship necessities to qualify for a most 30% tax credit score.
2023 marked a document 12 months for each Blink Charging and the electrical automobile business as an entire. We’re proud to assist the 1000’s of Blink hosts and EV drivers that joined the Blink Community in 2023, and we stay up for one other nice 12 months in 2024.